Wait for a low risk sell from 106.716. | 30 أغسطس 2019
30 أغسطس 2019, USD/JPY
Wave Analysis
The US Dollar us still within the range we marked yesterday, we expected a possible momentum towards 106.716, this is exactly what is happening, this pair continues to rise intensely but should not go beyond 106.716. If there's a clear bounce from this resistance, then this will be a good place to look for low risk sell orders towards 105.178. A breakout above 106.716, will push the price further to the upperside with the next ideal take profit being 110.00. A breakout higher could push price even higher towards 114.00.
Trade Recommendations:
Wait for a low risk sell from 106.716.
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.
