Look for lower risk sell orders towards 109.472. | 26 Marzo 2020
26 Marzo 2020, USD/JPY
Wave Analysis
The US Dollar successfully broke below the supportive trend line. At this point, we are anticipating a possible decline in price with an ideal turn around point seen around 109.472. The idea is to look for a possible low risk sell order upon a slight pullback towards 110.955. A sustained move below 109.472 will attract further bearish price rally towards 106.600 and could break much lower. On the other side, only a clear breakout and close above 111.575 will attract a possible buy position towards 112.00.
Trade Recommendations:
Look for lower risk sell orders towards 109.472.
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.
