Remain long towards 109.375. | 17 Abril 2020
17 Abril 2020, USD/JPY
Wave Analysis
On Wednesday this week, the Us Dollar bounced off from around 106.960, this is despite the previous forecast that the price should have broken below it. If the price can successfully close below this level, 106.960, then this will be a good place to consider a long term sell order. But while the price is held above 106.960, then we expect a continuation of an impulsive wave count and could push price much higher with an ideal target around 109.375 and could breakout much higher.
Trade Recommendations:
Remain long towards 109.375.
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.
