Sell the US Dollar with your take profit at 104.890. | 23 سبتمبر 2019
23 سبتمبر 2019, USD/JPY
Wave Analysis
Few days ago, US Dollar failed to sustain the break above the upper trendline. We expect the bounce from 108.420 to have marked an end to both the impulsive wave (c) and 5, that the current pullback into the lower trendline is the continuation of a corrective wave count and should continue even lower towards 104.890. As long as the price remains within this trendline, then I'll expect a decline towards 104.890. This view can only be invalidated in case the price breaks above the upper trendline.
Trade Recommendations:
Sell the US Dollar with your take profit at 104.890.
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.
