Wait | 10 Februari 2020

10 Februari 2020, USD/JPY

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Wave Analysis

Nothing much has happened on this pair. As long as the pair fails to break above 110.220, we are waiting for a possible long term sell order. The anticipated bearish price rally is the continuation of an impulsive wave count and could see price break below 108.300. This view can only be invalidated in case the price breaks and closes above 110.220, if this is the case, then we are expect a possible momentum to the upper side and should continue much higher towards 114.00 or even higher towards 118.000.

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