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Remain short towards 102.253.

Remain short towards 102.253. | 05 August 2020

05 August 2020, USD/JPY

Remain short towards 102.253.

Wave Analysis

Yesterday, USDJPY continued to the lower side and is still pretty much bearish both on the daily and on the weekly. While the price is held below 106.104, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (5) and [c] to the lower side and should break below 106.253 towards 100.0180 or even lower. If you are looking at this chart, keep looking for sell positions expecting price to continue much lower.

Trade Recommendations:

Remain short towards 102.253.

Bob Stan
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