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Remain short towards 100.00.

Remain short towards 100.00. | 19 November 2020

19 November 2020, USD/JPY

Look for long term sell positions.

Wave Analysis

Just as previously anticipated the Us dollar continued to the lowerside and is still pretty much bearish. As long as the price remains below the three Lines of the Alligator indicator, we expect nothing but a possible momentum to the lowerside. the anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should breakout below 103.770 with the next ideal target at 100.000. This view will only be invalidated in case the price breaks and closes above the blue line.

Trade Recommendations:

Remain short towards 100.00.

Bob Stan
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