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We're long with an ultimate target at 108.050

We're long with an ultimate target at 108.050 | 05 April 2018

05 April 2018, USD/JPY

We're long with an ultimate target at 108.050

Wave Analysis:

After a false break below 105.810, the the price pulled back perfectly to this level before picking a momentum to the upper side. We expect this level to have marked the end of the corrective wave (b) that the current rally to the upper side is the continuation of the last sub wave to the upper side and may break above 108.050 towards 110.645 or even higher. As long as the price remains above 105.810, we expect a possible momentum to the upper side, however, any clear break below 105.810 will push the price to the lower side with an ultimate target at 100.00

Trade Recommendations:

We're long with an ultimate target at 108.050

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Bob Stan
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