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Look for long term sell positions.

Look for long term sell positions. | 18 November 2020

18 November 2020, USD/JPY

Look for long term sell positions.

Wave Analysis

The US dollar continues to create lower lows perfectly in line with what was forecasted. As long as the price remains below the three lines of the indicator, we are looking for long term sell position. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should breakout below 103.870 towards 102.00 or even lower. At this point, only sell positions looks ideal and can safely be recommended. however, in case the price breaks above the blue line, then further momentum to the upper side may be expected.

Trade Recommendations:

Look for long term sell positions.

Bob Stan
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