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Expect further momentum to the upperside towards 108.337.

Expect further momentum to the upperside towards 108.337. | 13 March 2020

13 March 2020, USD/JPY

Expect further momentum to the upperside towards 108.337.

Wave Analysis

On this chart, the most important levels include 100.858, 103.173, 104.992, 106.571, and 108.337. According to the hourly chart attached, we expect a possible continuation of the corrective three wave cycle and could push price much higher but should not break above the 50.0% fib level. A break above this level will mean we are continuing to the upper side with an ultimate target around 110.102. As at now, its good to remain flat and wait for a rebound from 108.337 to pick a sell or a break below 100.858 to pick a sell.

Trade Recommendations:

Expect further momentum to the upper side towards 108.337.

Bob Stan
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