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Look for sell positions towards 106.721.

Look for sell positions towards 106.721. | 17 July 2020

17 July 2020, USD/JPY

Look for sell positions towards 106.721.

Wave Analysis

During the previous trading day, the US dollar bounced off from the support level 106.720 and continued to the upper side but failed to break above 107.365-107.293. As long as the price remains below this zone, we expect nothing but a possible momentum to the lower side, should the price break and close above 107.365, then we will expect further momentum to the upper side and should break above 107.730. If you are looking at this chart now, keep looking for long term sell positions.

Trade Recommendations:

Look for sell positions towards 106.721.

Bob Stan
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