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We're looking for long term sell orders towards 105.00

We're looking for long term sell orders towards 105.00 | 04 June 2019

04 June 2019, USD/JPY

We're looking for long term sell orders towards 105.00

Wave Analysis

The US Dollar continue to plunge even lowerside. This is perfectly in line with the previous day's forecast that the us dollar was to continue to the lowerside. As long as the price remains below 108.390, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of both the impulsive waves (v) and (c) and should break below 107.665 towards 105.00 or even lower. As it is on the 30 minutes chart, we recommend looking for sell orders towards 105.00 or even lower.

Trade Recommendations:

We're looking for long term sell orders towards 105.00

Bob Stan
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