Expect a possible momentum towards 105.353-104.993. | 08 May 2020
08 May 2020, USD/JPY
Wave Analysis
Yesterday, the Us dollar closed as a possible bearish pin bar, while the price is below 107.130, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 105.353 towards 102.265. A bounce from 105.353-104.993 will mean we are looking for a low risk buy order towards 107.130, a break above this level could push the price much higher towards 109.465 or even higher.
Trade Recommendations:
Expect a possible momentum towards 105.353-104.993.
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.
