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Look for low risk sell orders now towards the lower trendline,

Look for low risk sell orders now towards the lower trendline, | 17 November 2020

17 November 2020, USD/JPY

Look for low risk sell orders now towards the lower trendline,

Wave Analysis

Yesterday, the US dollar pulled back to the upperside even touched the previous day's opening price but ended up closing below the previous day's closing price. On this chart, we recommend looking for long term sell positions, with an ultimate target set along the lower trendline. If the price breaks and closes below this trendline, the we will be looking for more long term sell position expecting price continue to the lowerside with the next ideal target set at 103.301. A rebound from the upper trendline is a good sell.

Trade Recommendations:

Look for low risk sell orders now towards the lower trendline,

Bob Stan
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