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Wait | 22 June 2020

22 June 2020, USD/JPY

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Wave Analysis

After a slight continuation to the lower side, Euro is currently pulling back to the upper side, we expect further momentum to the upper side and should break beyond 1.12620. The anticipated bullish price rally is the continuation of a corrective wave count and could see price break beyond the blue line towards 1.12620. And should the price break and close below 1.11740, then this will be a good place to consider a possible long term sell position with an ultimate target around 1.114.

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Bob Stan
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