Main >
Analytics
>
Fresh forecast
>
Elliott waves analysis
>
We're now sellers as long as the price remains below 109.830 towards 108.820.

We're now sellers as long as the price remains below 109.830 towards 108.820. | 20 July 2021

20 July 2021, USD/JPY

We're buyers towards 112.90.

Wave Analysis:
Yesterday, instead of a rebound from the lower trendline, the US Dollar rallied to the lowerside and even took out of stoploss. The chart above is the previous day's chart, now the price is below the lower tredline, If the price pulls back up and break above the same trendline and into the shape formation, then we will be expecting a possible continuation to the uppperside towards the upper trendline. As it is right now, we are sellers towards 107. and may extend much lower. The idea now is to wait for a rejection from the trendline we just broke below, then pick a possible long term sell position towards 107.9.
Trade Recommendations:
We're now sellers as long as the price remains below 109.830 towards 108.820.
Trading begins with planning the expected profit and developing a strategy that aims to help you achieve the desired result. The most effective technique is to use invest-portfolios that contain different trading instruments.
FreshForex gives traders a ready-to-use portfolio. The instruments are selected in such a way as to reduce overall risks and at the same time ensure a relatively high return.
This is the eighth portfolio developed by FreshForex specialists. Each of the previous seven portfolios showed positive results, with a total return of 87.1%.
It’s easy to get the portfolio:
1. Make a deposit of $80 or more until July 30.
2. Send a number of your trading account at school@freshforex.com.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Login

Show password

Hide password

 Forgot password?
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.
Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.