22 June 2020, USD/JPY
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.
Trade Recommendations:
Wait