Buy a bounce from 106.960. | 20 أبريل 2020
20 أبريل 2020, USD/JPY
Wave Analysis
The Us dollar continues to oscillate above the daily short term support level 106.960. This is a short term support and while the price is not able to break below this zone, we choose to remain on the sidelines, should the price get below 106.96, then we may consider a possible sell order with an ideal target around 105.263, a rebound from the level 106.960 will mean we are continuing to the upper side with the next ideal target around 109.375, at this point, we are waiting for a bounce from 106.960 to pick a buy.
Trade Recommendations:
Buy a bounce from 106.960.
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.
