Expect a possible sell towards the supportive trendline. | 03 December 2019

03 December 2019, USD/JPY

Expect a possible sell towards the supportive  trendline.

Wave Analysis

The impulsive wave (5) barely reached 110.00 before making a correction to the lowerside, we expect the gap which was seen earlier today to be an onset to a corrective wave count and should see the price rally even lower but should not break below the supportive trendline. If you're looking for a long term trade on this pair, then best place to pick a buy from is from the supportive trendline, but should the price break below this trendline, then further momentum to the lowerside, is expected towards 106.40.

Trade Recommendations:

Expect a possible sell towards the supportive trendline.

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