Expect a possible momentum towards 107.382. | 21 July 2020

21 July 2020, USD/JPY

Wave Analysis

For the past few days, the US Dollar has remained within a range, not going above 107.382 or below the lower trend line, as it is now, we are expecting a possible continuation to the upper side but should not go above the upper trend line, we are basically, expecting a possible break above 107.382 to continue upwards, but should the price fail to break above this level, then we will sell the corrective wave (D) towards the lower trend line where we'll be looking to buy the last impulsive wave (E) towards 107.382.

Trade Recommendations:

Expect a possible momentum towards 107.382.

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