Buy a bounce from 106.960. | 21 Abril 2020
21 Abril 2020, USD/JPY
Wave Analysis
The US Dollar is slowly approaching our support level 106.960. This s a key level and while the price is not able to to clearly break below it, we choose to wait for a possible bounce from it to pick a buy. A break below 106.960 will mean we are continuing to the lower side with an impulsive wave count but should not go below the zone 105.263-104.940, a break and close below this zone will mean we are continuing to the lower side with an ultimate target around 101.545. As it is now, a bounce from 106.960 will attract a buy.
Trade Recommendations:
Buy a bounce from 106.960.
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.
