Against 108.20 the USDJPY should fall in the next movement of wave (iii). The momentum should come and the target could be 106 or more.
There are two strategies, before the break(aggressive style) and after the break(conservative style). At the moment I can say that the price must not go above 108.20!
Important
Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management.
Disclaimer
Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
There are two strategies, before the break(aggressive style) and after the break(conservative style). At the moment I can say that the price must not go above 108.20!
Important
Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of risk management.
Disclaimer
Reserved the right to make changes the content on this analysis at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.