Waiting for a low risk buy order. | 24 February 2020
24 February 2020, USD/JPY
Wave Analysis
Perfectly as previously forecasted, the corrective wave (iv) continues to the lower side but is still above the level 109.990, we expect the corrective wave (iv) to continue to the lower side but should not break below 109.990. A bounce from this level will give us a good place to buy the last impulsive wave (v) towards 112.990. This view can only be invalidated in case the price breaks below 109.990, if this is the case, then further momentum to the lower side is expected with an ultimate target around 107.590.
Trade Recommendations:
Waiting for a low risk buy 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.
