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Remain short towards 100.00.

Remain short towards 100.00. | 16 September 2020

16 September 2020, USD/JPY

Remain short towards 100.00.

Wave Analysis

According to the 30 minutes attached, the US dollar is currently, if you are looking at this chart now, keep looking for long term sell positions. The idea is to expect a possible breakout below the supportive trendline to push the price much lower towards 105.268. If the price breaks and closes below 105.268, then this will be a good place to consider a possible long term sell position towards 100.00 or even lower. As long as the price remains below the three moving averages, we are looking for long term sell.

Trade Recommendations:

Remain short towards 100.00.

Bob Stan
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