Remain long towards 109.375. | 17 April 2020

17 April 2020, USD/JPY

Remain long towards 109.375.

Wave Analysis

On Wednesday this week, the Us Dollar bounced off from around 106.960, this is despite the previous forecast that the price should have broken below it. If the price can successfully close below this level, 106.960, then this will be a good place to consider a long term sell order. But while the price is held above 106.960, then we expect a continuation of an impulsive wave count and could push price much higher with an ideal target around 109.375 and could breakout much higher.

Trade Recommendations:

Remain long towards 109.375.

Bob Stan
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