02 марта 2020, USD/JPY
Wave Analysis
The corrective wave (iv) continues to the upper side but should not go beyond 108.795. As long as the price remains below this level, we are waiting for a possible rise much higher towards 109.300. This pair should bounce from 109.300 to pick a long term sell order. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break above 107.280 towards 106.775. A break and close below 106.775 will mean we are continuing to the lower side towards 105.00.
Trade Recommendations:
Waiting for a possible long term sell orders towards 106.775.
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