Waiting for a possible long term sell order. | 12 Marzo 2020
12 Marzo 2020, USD/JPY
Wave Analysis
Nothing much appears to be happening on this pair, we expected a possible momentum to the lower side but as it seems, there's no serious momentum to the lower side. As long as the price is held below the Envelopes trend indicator, expect a possible momentum to the lower side. Ideally, we are expecting a possible break below 101.500 to pick a long term sell order towards 100.790 and could breakout much lower towards 98.00 or even lower. As it is now, wait for low risk sell orders from around 105.760.
Trade Recommendations:
Waiting for a possible long term sell order.
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.
