Expect further momentum to the upperside towards 108.337. | 13 Marzo 2020
13 Marzo 2020, USD/JPY
Wave Analysis
On this chart, the most important levels include 100.858, 103.173, 104.992, 106.571, and 108.337. According to the hourly chart attached, we expect a possible continuation of the corrective three wave cycle and could push price much higher but should not break above the 50.0% fib level. A break above this level will mean we are continuing to the upper side with an ultimate target around 110.102. As at now, its good to remain flat and wait for a rebound from 108.337 to pick a sell or a break below 100.858 to pick a sell.
Trade Recommendations:
Expect further momentum to the upper side towards 108.337.
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.
