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Wait | 15 May 2019

15 May 2019, USD/JPY

Waiting for a clear sell signal from 109.630

Wave Analysis:

This pair is currently correcting itself to the upperside. As long as the price remains below the cloud formation, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) and should break below 109.095 towards 100.00. This view can only be invalidated in case the price breaks and closes above the bearish cloud. If this is true, then a move even higher is expected towards 110.65.

Trade Recommendations:

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Bob Stan
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