05 Maret 2020, USD/JPY
Wave Analysis
Nothing much appears to be happening on this pair, we expect a possible rally to the lower side but so far, we're yet to see any serious moves in that direction. According to the 1 hour chart attached, we expect a possible break below last week's lowest low to pick a possible long term sell order with an ultimate target around 105.36. If you are looking for a trade on this pair, you better sell a break below the previous days lowest low. Otherwise, we recommend remaining flat for now.
Trade Recommendations:
Sell a break below the previous weeks lowest low.