Wait for a bounce from 106.960. | 23 Abril 2020
23 Abril 2020, USD/JPY
Wave Analysis
Nothing much appears to be happening on this pair, the Us dollar continues to rally above 106.960 and is not showing any signs of break below this support 106.960. As it is now, we are waiting for a either an breakout above 108.125 to dive into a buy, or a break below 106.960 to pick a long term sell order with an ultimate target around 105.263. Conservative traders can wait for a buy from 106.960 or a bounce from 105.263 to pick a long term buy order with an ultimate target at 111.790.
Trade Recommendations:
Wait for 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.
