Sell a bounce from 110.220. | 11 February 2020
11 February 2020, USD/JPY
Wave Analysis
Yesterday, the US Dollar continued to the upperside but is yet to reach our target set around 110.220. As long as the price is not able to clear break and close above 110.220, we expect a possible bounce from this level to pick a possible long term sell order. And should the price break and close above 110.220, then further momentum to the upperside is expected with an ultimate target around 114.210 or even higher. A bounce from 110.220 will attract a possible long term sell order.
Trade Recommendations:
Sell a bounce from 110.220.
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.
