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Sell a break below the previous weeks lowest low.

Sell a break below the previous weeks lowest low. | 05 March 2020

05 March 2020, USD/JPY

Sell a break below the previous weeks lowest low.

Wave Analysis

Nothing much appears to be happening on this pair, we expect a possible rally to the lower side but so far, we're yet to see any serious moves in that direction. According to the 1 hour chart attached, we expect a possible break below last week's lowest low to pick a possible long term sell order with an ultimate target around 105.36. If you are looking for a trade on this pair, you better sell a break below the previous days lowest low. Otherwise, we recommend remaining flat for now.

Trade Recommendations:

Sell a break below the previous weeks lowest low.

Bob Stan
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