Sell a bounce from the upper trendline. | 11 يونيو 2019
11 يونيو 2019, USD/JPY
Wave Analysis
The previous day;s candle was a perfect bearish pin bar. As long as the price remains below the upper resistance trendline, we expect nothing but a possible momentum to the lowerside. This pair is pretty much bearish and chances of continuing to the lowerside are very high. Thus, we recommend selling a bounce from the upper trendline, or abreak below 107.898, either way the best place to take profits is around 106.747. As it is, but orders looks more risky and cannot be recommended.
Trade Recommendations:
Sell a bounce from the upper trendline.
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.
