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With for a resell from around 38.2% fib level towards 103.950.

With for a resell from around 38.2% fib level towards 103.950. | 28 September 2020

28 September 2020, USD/JPY

Wave Analysis

Few days ago, the Us dollar bounced off from the supportive trendline and is now heading straight to the upperside, as it is now, we are expecting a possible bounce from the upper trendline to pick a low risk sell position. If the price breaks and closes above the upper trendline, then we will be expecting further momentum to the upper side towards 38.2% fib level, breakout above this fib level will mean we are continuing to the upper side with an ultimate target set around 50.0% fib level.

Trade Recommendations:

With for a resell from around 38.2% fib level towards 103.950.

Bob Stan
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