Wait | 04 March 2020

04 March 2020, USD/JPY

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Wave Analysis

Yesterday, the impulsive wave (v) ended slightly earlier than expected and as at now, the price is slowly moving to the upper side, the current bullish price rally is the continuation of a correction to the impulsive wave (v) and should break above 108.010. This view can only be reviewed in case the price breaks below the previous days lowest low, if this is the case, then further momentum to the lower side is expected with an ideal target around 106.450, if this is the case, then further momentum to the lower side is expected.

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Bob Stan
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