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Look for a sell position with a target around 105.263.

Look for a sell position with a target around 105.263. | 08 April 2020

08 April 2020, USD/JPY

Look for a sell position with a target around 105.263.

Wave Analysis

Yesterday, the Us Dollar moved only slightly to the lower side but is still pretty much bearish both on the daily and on the weekly charts. While the price is below the previous week's highest high, we are looking for a possible long term sell order with an ultimate target around 104.970. The idea is to look for a sell position now, expecting price to much much lower towards 105.263. A bounce from this target will attract a buy while a break below this level will mean we are continuing to the lower side.

Trade Recommendations:

Look for a sell position with a target around 105.263.

Bob Stan
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