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Waiting for a low risk buy order.

Waiting for a low risk buy order. | 24 Febrero 2020

24 Febrero 2020, USD/JPY

Waiting for a low risk buy order.

Wave Analysis

Perfectly as previously forecasted, the corrective wave (iv) continues to the lower side but is still above the level 109.990, we expect the corrective wave (iv) to continue to the lower side but should not break below 109.990. A bounce from this level will give us a good place to buy the last impulsive wave (v) towards 112.990. This view can only be invalidated in case the price breaks below 109.990, if this is the case, then further momentum to the lower side is expected with an ultimate target around 107.590.

Trade Recommendations:

Waiting for a low risk buy order.

Bob Stan
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