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Remain short with an ultimate target around 105.263.

Remain short with an ultimate target around 105.263. | 10 April 2020

10 April 2020, USD/JPY

Remain short with an ultimate target around 105.263.

Wave Analysis

The Us Dollar continues to move to the lower side perfectly as previously forecast. As long as we have price being capped by the resistance line 109.310, we are sellers. We expect a sellers to push price much lower and should break below 107.010 towards 105.263. At this point in time, only sell positions looks ideal and can be recommended but in case the price sustains a break beyond 109.310, then this may mean we are now buyers with an ultimate target set around 111.610.

Trade Recommendations:

Remain short with an ultimate target around 105.263.

Bob Stan
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