Remain short towards 102.240. | 30 Marzo 2020
30 Marzo 2020, USD/JPY
USDJPY
Wave Analysis
The Us dollar is currently in an active downtrend. As long as the price is contained below the alligator trend indicator, I expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive five wave cycle and could see the price break below 105.00 towards 102.240. On this chart, only sell positions looks ideal and can safely be recommended, but should the price break and close above 111.860 during this week, then a buy position will be recommended.
Trade Recommendations:
Remain short towards 102.240.
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.
