Flat | 16 Marzo 2020
16 Marzo 2020, USD/JPY
Wave Analysis
During the previous trading week, the US Dollar continued to the upperside but could not go beyond 108.500. we expect the gap which happened to day to be the continuation of a correction to the lowerside but should not go beyond 104.780. As it is now, we are expecting the impulsive wave (c) to continue to the lowerside and should break below 105.200. If you are looking for a trade on this pair, wait for either a break above 108.500 to pick a buy or a break below 15.610 to pick a sell.
Trade Recommendations:
Flat
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.
