Sell a break below the previous weeks lowest low. | 05 Maret 2020
05 Maret 2020, USD/JPY
Wave Analysis
Nothing much appears to be happening on this pair, we expect a possible rally to the lower side but so far, we're yet to see any serious moves in that direction. According to the 1 hour chart attached, we expect a possible break below last week's lowest low to pick a possible long term sell order with an ultimate target around 105.36. If you are looking for a trade on this pair, you better sell a break below the previous days lowest low. Otherwise, we recommend remaining flat for now.
Trade Recommendations:
Sell a break below the previous weeks lowest low.
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.
