Place a pending buy limi order around 105.263-104.940. | 06 أبريل 2020
06 أبريل 2020, USD/JPY
Wave Analysis
According to the daily chart attached, we are expecting a possible momentum to the lower side towards the zone 104.970-105.263. While the price is not able to clear break below this zone, we choose to remain flat for now expecting a possible pullback towards it to pick a low risk buy position with an ultimate target around 111.790. Conservative traders could have their pending buy limit orders around this zone, or we may look for low risk sell orders but with an ideal target around 105.263-104.970.
Trade Recommendations:
Place a pending buy limit order around 105.263-104.940.
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.
