USDJPY. Look for sell orders from 107.148 towards 105.440. | 06 August 2019

06 August 2019, USD/JPY

Wave Analysis

The US Dollar is showing signs as sustaining the break below the supportive zone 106.792-107.148. As long as the price remains below this zone, we expect nothing but a possible momentum to the lowerside, the idea is not to look for sell positions now, rather, wait for a pullback towards the just stated zone to pick a low risk sell order with an ultimate target at 105.440. A break below this level will push the price even further to the lowerside with the next ideal target being 100.00.

Trade Recommendations:

Look for sell orders from 107.148 towards 105.440.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus