Look for lower risk sell orders towards 109.472. | 26 Maret 2020

26 Maret 2020, USD/JPY

Look for lower risk sell orders towards 109.472.

Wave Analysis

The US Dollar successfully broke below the supportive trend line. At this point, we are anticipating a possible decline in price with an ideal turn around point seen around 109.472. The idea is to look for a possible low risk sell order upon a slight pullback towards 110.955. A sustained move below 109.472 will attract further bearish price rally towards 106.600 and could break much lower. On the other side, only a clear breakout and close above 111.575 will attract a possible buy position towards 112.00.

Trade Recommendations:

Look for lower risk sell orders towards 109.472.

Bob Stan
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