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Remain short towards 100.800.

Remain short towards 100.800. | 09 March 2020

09 March 2020, USD/JPY

Remain short towards 100.800.

Wave Analysis

During the previous trading day, the US Dollar gaped to the lower side and is still pretty much bearish both on the daily and on the weekly charts as long as the price remains below the Envelopes indicator attached, I expected nothing but a possible momentum to the lower side. As it is now, I'm expecting a possible break below 101 towards 100 or even lower. On this chart, only sell positions looks ideal and can be recommended, a buy needs the indicator to go below price with an ideal target at 108.100.

Trade Recommendations:

Remain short towards 100.800.

Bob Stan
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