19 March 2020, USD/JPY
Wave Analysis
Just as previously expected, the impulsive wave (c) continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the previous day;s highest high, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (c) and could break above 111.950 towards 112.00 or even higher. This view can only be invalidated in case the price breaks below the previous day's lowest low.
Trade Recommendations:
Remain long with your take profit at 111.950.
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