We’re looking for sell orders towards 107.657. | 27 مايو 2019
27 مايو 2019, USD/JPY
Wave Analysis:
The US Dollar is currently trading below a key zone 109.626-109.771. As long as the price is contained below this zone, we expect nothing but a possible momentum to the lowerside. The idea is to wait for a bounce from the zone stated above to pick low risk sell orders with an ultimate target at 107.657. On its way to the lowerside, the key lines to look for include 108.900, 108.470 and 107.657. A breakout below this level will push the price further to the lower side with an ultimate target at 100.00.
Trade Recommendations:
We’re looking for sell orders towards 107.657.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
