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Place a pending buy limi order around 105.263-104.940.

Place a pending buy limi order around 105.263-104.940. | 06 tháng tư 2020

06 tháng tư 2020, USD/JPY

Place a pending buy limi order around 105.263-104.940.

Wave Analysis

According to the daily chart attached, we are expecting a possible momentum to the lower side towards the zone 104.970-105.263. While the price is not able to clear break below this zone, we choose to remain flat for now expecting a possible pullback towards it to pick a low risk buy position with an ultimate target around 111.790. Conservative traders could have their pending buy limit orders around this zone, or we may look for low risk sell orders but with an ideal target around 105.263-104.970.

Trade Recommendations:

Place a pending buy limit order around 105.263-104.940.

Bob Stan
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