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Remain long towards 107.190.

Remain long towards 107.190. | 03 Agosto 2020

03 Agosto 2020, USD/JPY

Remain long towards 107.190.

Wave Analysis

Last week on Friday, the Us Dollar gained almost 90% the value it lost earlier the same week. While the price remains above the two simple moving averages, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should break above 107.190 towards 112.00. And should the price break and close below 105.020, then we may consider a possible short position towards 104.295.

Trade Recommendations:

Remain long towards 107.190.

Bob Stan
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