Wait for a sell from 107.040 with sl above 107.430 and take profit at 106.120. | 30 أبريل 2020
30 أبريل 2020, USD/JPY
Wave Analysis
The US Dollar is showing signs of sustaining the move below 107.040. As long as the price remains below the zone 107.040, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should break below 106.450 towards 105. As it is now, we are expecting a possible pullback towards 107.040 to pick a low risk sell order with stoploss above 107.430 and a take profit at 105.0.
Trade Recommendations:
Wait for a sell from 107.040 with sl above 107.430 and take profit at 106.120.
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.
