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Look for sell positions towards 105.071.

Look for sell positions towards 105.071. | 07 October 2020

07 October 2020, USD/JPY

Remain short towards 105.071.

Wave Analysis

The US Dollar is still struggling below 105.788. While we continue to see sustenance below 105.788, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of a corrective wave count and should push the price much lower with an ultimate target set around 105.071. If you are looking at this chart now, look for more sell positions with an ultimate target set around the level marked above. the level 105.788 will mean we are continuing to the upper side with an ultimate target around 106.050

Trade Recommendations:

Look for sell positions towards 105.071.

Bob Stan
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