Remain short towards 100.800. | 09 Marzo 2020
09 Marzo 2020, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar gaped to the lower side and is still pretty much bearish both on the daily and on the weekly charts as long as the price remains below the Envelopes indicator attached, I expected nothing but a possible momentum to the lower side. As it is now, I'm expecting a possible break below 101 towards 100 or even lower. On this chart, only sell positions looks ideal and can be recommended, a buy needs the indicator to go below price with an ideal target at 108.100.
Trade Recommendations:
Remain short towards 100.800.
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.
