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Wait for a buy from 105.263-104.940 towards 112.390.

Wait for a buy from 105.263-104.940 towards 112.390. | 15 April 2020

15 April 2020, USD/JPY

Wait for a buy from 105.263-104.940 towards 112.390.

Wave Analysis

Just as previous forecasted, the Us dollar continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts while the price is contained below the previous week's lowest low, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of a corrective wave count but should not go beyond 105.263-104.970. If you took a sell with us previously, keep this position open, with your take profit fixed at 105.263.

Trade Recommendations:

Wait for a buy from 105.263-104.940 towards 112.390.

Bob Stan
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