Waiting for a possible buy from around 110.590. | 25 فبراير 2020

25 فبراير 2020, USD/JPY

Waiting for a low risk buy order.

Wave Analysis

Yesterday, the impulsive wave (iv) continued to the lower side but could not each our support set around 110.590, we are waiting for a clear sign that the corrective wave (iv) is ended so that we buy the last impulsive wave (v) towards 112.990. The idea is to wait on the sidelines for a possible long risk buy order. This view only be invalidated in case the price breaks and closes below 110.590, if this is the case, then further momentum to the lower side is expected with the next ideal target being 108.190.

Trade Recommendations:

Waiting for a possible buy from around 110.590.

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

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Bob Stan

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