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Buy a bounce from 107.942-107.884,

Buy a bounce from 107.942-107.884, | 09 June 2020

09 June 2020, USD/JPY

Buy a bounce from 107.942-107.884,

Wave Analysis

Currently, the US Dollar is bouncing off from the 4 hour support zone 107.942-107.884. As long as the price remains above this zone, we are waiting for a clear sign of a rebound to pick a long term buy order. But should the price break and close below this support, then we will be expecting further momentum to the lower side with an ultimate target around 107.170. A bounce from this zone will be a good place to consider a long term buy positon with an ultimate target around 109.870. A break above this level will push the price much higher.

Trade Recommendations:

Buy a bounce from 107.942-107.884,

Bob Stan
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