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Sell a break below 106.990.

Sell a break below 106.990. | 02 April 2020

02 April 2020, USD/JPY

Sell a break below 106.990.

Wave Analysis

Bears continue to dominate the US Dollar market, we are waiting for a possible break below 107.300 to confirm further momentum to the lower side with an ultimate target around 104.00. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 106.990 towards 100.00 or even lower. A sustained move below 106.990 will give a good confirmation that we are downwards. At this point, only sell positions looks ideal and can be recommended.

Trade Recommendations:

Sell a break below 106.990.

Bob Stan
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