Wait for a long term sell order. | 12 February 2020
12 February 2020, USD/JPY
Wave Analysis
Nothing much appears to be happening on this pair. As long as the price remains below 110.255, the current move we are seeing to the upperside is just a mere correction to the upperside but should not go beyond 110.255. If you are looking at this chart, you should be waiting for a possible long term sell position. The anticipated sell position is the continuation of an impulsive wave count and should go beyond 107.600 towards 106.715 or even lower. If you are looking at this chart now, wait for low risk sell orders.
Trade Recommendations:
Wait for a long term sell order.
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.
