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Look for sell positions towards 103.974.

Look for sell positions towards 103.974. | 05 October 2020

05 October 2020, USD/JPY

Remain short towards 103.974.

Wave Analysis

As long as the price remains below the upper trendline, we expect further momentum to the lowerside and should breakout below 103.974. And on the flispide, should the price breaks and closes beyond 105.848, then this will be a good place to consider a possible long term buy position with an ultimate target set around 107.065. If you are looking at this chart, keep looking for possible low risk sell positions with an ultimate target set around 103.974, if the price breaks below this level, then a momentum even lower is expected.

Trade Recommendations:

Look for sell positions towards 103.974.

Bob Stan
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