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Sell the US Dollar with your take profit at 104.890.

Sell the US Dollar with your take profit at 104.890. | 23 September 2019

23 September 2019, USD/JPY

Sell the US Dollar with your take profit at 104.890.

Wave Analysis

Few days ago, US Dollar failed to sustain the break above the upper trendline. We expect the bounce from 108.420 to have marked an end to both the impulsive wave (c) and 5, that the current pullback into the lower trendline is the continuation of a corrective wave count and should continue even lower towards 104.890. As long as the price remains within this trendline, then I'll expect a decline towards 104.890. This view can only be invalidated in case the price breaks above the upper trendline.

Trade Recommendations:

Sell the US Dollar with your take profit at 104.890.

Bob Stan
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