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Remain long with an ideal target at 110.645.

Remain long with an ideal target at 110.645. | 06 April 2018

06 April 2018, USD/JPY

Remain long with an ideal target at 110.645.

Wave Analysis:

Earlier today, we saw a possible correction of the impulsive wave (c) to the lower side but is still above 107.015, as long as the price remains above 107.015, we expect a possible momentum to the upper side. The anticipated bullish price rally is merely the continuation of the impulsive wave (c) to the upper side and should break above 108.050 towards 110.120 or even higher. This correction is mainly to correct the previous five wave cycle with the last impulsive wave (c) expected to go beyond 110.645.

Trade Recommendations:

Remain long with an ideal target at 110.645.

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Bob Stan
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