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wait | 20 March 2020

20 March 2020, USD/JPY

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Wave Analysis

After a spike to the upper side, the Us dollar is currently pulling back to the upper side. we expect the current bearish price rally to be a correction to the lower side, seeking to correct the impulsive wave (c) but should not go beyond 107.920. On this chart, I recommend looking for long term buy orders especially if the price can give a good buy signal around 107.170. As it is now, remain flat temporarily expecting a surge much higher towards 112.450 and could breakout much higher towards 114.00.

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Bob Stan
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