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At this point, we expect a possible momentum towards 105.353.

At this point, we expect a possible momentum towards 105.353. | 07 May 2020

07 May 2020, USD/JPY

At this point, we expect a possible momentum towards 105.353.

Wave Analysis

Just as forecasted few weeks ago, after break below the supportive trend line 107.130, the Us dollar continued to the lower side and is still pretty much bearish both on the daily and the weekly charts, as long as the price remains below 107.130, we expect nothing but a possible momentum to the lower side with an ultimate target at 105.352, a break below this level will mean we are continuing short with the last impulsive wave (c) and should break below 102.265 but should not go beyond 101.605.

Trade Recommendations:

At this point, we expect a possible momentum towards 105.353.

Bob Stan
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