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Remain long towards 114.243.

Remain long towards 114.243. | 25 March 2020

25 March 2020, USD/JPY

Remain long towards 114.243.

Wave Analysis

Nothing much appears to be happening on this pair since Monday, we expected a possible momentum to the upper side but we're still seeing the possibility that the Us dollar could stagnate below 112.175. On this chart, a sustained move above 112.175 will confirm a possible continuation of a bullish price rally towards 114.243 and could breakout much higher towards 118.501. On the flip side, should the price break and close below 104.608, then this will be a good place to consider a sell order.

Trade Recommendations:

Remain long towards 114.243.

Bob Stan
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