Look for buy orders towards 107.085. | 20 أغسطس 2019
20 أغسطس 2019, USD/JPY
Wave Analysis
Yesterday, the US Dollar rallied massively to the upperside but failed to reach the 4 hour resistance level 107.085. This is a key level and as long as the price remains below it, we expect a possible rally towards it but should not breakout above. This is a good sell place, we're waiting for price to bounce off from it to pick a low risk sell order. A breakout above it will mean we're continuing upwards with the corrective three wave cycle and should not go beyond 109.210, a break above this level will push the price even higher.
Trade Recommendations
Look for buy orders towards 107.085.
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.
