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Remain short towards 102.240.

Remain short towards 102.240. | 30 March 2020

30 March 2020, USD/JPY

USDJPY

Wave Analysis

The Us dollar is currently in an active downtrend. As long as the price is contained below the alligator trend indicator, I expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive five wave cycle and could see the price break below 105.00 towards 102.240. On this chart, only sell positions looks ideal and can safely be recommended, but should the price break and close above 111.860 during this week, then a buy position will be recommended.

Trade Recommendations:

Remain short towards 102.240.

Bob Stan
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