Remain long. | 10 Januari 2020
10 Januari 2020, USD/JPY
Wave Analysis
the impulsive wave (c) is currently continuing to the upper side, while the price is held above the level 109.20, we do expect it to continue much higher and should break the 109.770. If this does not happen that the price instead goes below 109.3 20, then this will give us a very good place to look for a sell Order. As it is now, we only recommend looking for long-term buy positions as we expect the current bullish price rally to see price move beyond 110.070 towards 112.000. So as the chart set up is now, I do recommend remaining long
Trade Recommendations:
Remain long.
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.
