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Look for low risk buy orders towards 111.790.

Look for low risk buy orders towards 111.790. | 07 April 2020

07 April 2020, USD/JPY

Look for low risk buy orders towards 111.790.

Wave Analysis

Yesterday, we expected a possible momentum to the lower side, but instead the price moved massively to the upper side. We still expect the level 105.263 to be a good support level and should the price get to it, then this should give us a good place to pick a low risk buy positions. As it is now, we are expecting a possible momentum to the upper side, I therefore recommend looking for low risk buy positions towards 111.790 and could breakout mush higher towards the next level 114.00 or even higher.

Trade Recommendations:

Look for low risk buy orders towards 111.790.

Bob Stan
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