Look for a possible long term sell order with an ideal target around 107.895. | 13 Februari 2020
13 Februari 2020, USD/JPY
Wave Analysis
Yesterday, the US Dollar continued to the upper side but could not break above 110.255. As long as the price remains below the zone 110.255, we expect nothing but a possible momentum to the lower side, ideally, this pair is bearish according to the monthly chart, therefore, if the price should give us a good sell signal around 110.255, we are waiting for long term sell order. This view can only be invalidated in case the price breaks and closes above 110.255, if this is the case, then a momentum to the upper side is ideal.
Trade Recommendations:
Look for a possible long term sell order with an ideal target around 107.895.
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.
