Remain short with an ultimate target around 100.00. | 03 February 2020
03 February 2020, USD/JPY
Wave Analysis
The Us dollar continues to the lower side and is still pretty much bearish. As long as the price remains below the Alligator trend indicator attached, we expect further momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below 105.12 towards 100.00 or even lower. On this chart, only sell positions looks ideal and can be recommended, but should the price break and close above 109.180, then further momentum to the upperside is expected.
Trade Recommendations:
Remain short with an ultimate target around 100.00.
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.
