Look for a sell position with a target around 105.263. | 08 أبريل 2020
08 أبريل 2020, USD/JPY
Wave Analysis
Yesterday, the Us Dollar moved only slightly to the lower side but is still pretty much bearish both on the daily and on the weekly charts. While the price is below the previous week's highest high, we are looking for a possible long term sell order with an ultimate target around 104.970. The idea is to look for a sell position now, expecting price to much much lower towards 105.263. A bounce from this target will attract a buy while a break below this level will mean we are continuing to the lower side.
Trade Recommendations:
Look for a sell position with a target around 105.263.
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.
