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Remain long towards 110.00.

Remain long towards 110.00. | 04 June 2020

04 June 2020, USD/JPY

Wave Analysis

USDJPY is currently in an active up trend, while the price remains above the two simple moving averages, I expect nothing but a possible momentum to the lower side, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and should break beyond 110.00 and even higher. On this chart, While the price remains above the two simple moving averages, the 50 period Moving Average and the 200 Simple Moving Average, we expect nothing but a possible momentum to the upper side with an ultimate target around 110.00.

Trade Recommendations:

Remain long towards 110.00.

Bob Stan
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