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Look for low risk sell positions towards the lower trendline.<

Look for low risk sell positions towards the lower trendline.< | 09 June 2021

09 June 2021, USD/JPY

Look for low risk sell positions towards the lower trendline.<

Wave Analysis

Instead of continuing to the lowerside, the US Dollar pulled back to the upperside but is still within our sellers place. As long as the price remains below the level 109.600, 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 not break below the lower trendline. If you are looking at this chart now, we recommend looking for low risk sell position. If the price breaks and closes below the lower trendline then further momentum towards 108.535 is expected.

Trade Recommendations:

Look for low risk sell positions towards the lower trendline.

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Bob Stan
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