Sell a sustained move below 107.130. | 27 April 2020
27 April 2020, USD/JPY
Wave Analysis
The US Dollar is slowly heading to the lower side, As long as the price is not able to clearly go below 107.130, we choose to remain on the sidelines, we are waiting for a possible break below 107.130 to confirm a possible continuation of the impulsive wave (c) to the lower side and should break below 105.353-104.993. On the flip side, should the price bounce off from 107.130, then we may consider possible buy with our target around 111.505. On its way to the upper side, the key levels to look for include 109.525, and 111.505.
Trade Recommendations:
Sell a sustained move below 107.130.
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.
