On the sidelines. | 25 اكتوبر 2019
25 اكتوبر 2019, USD/JPY
Wave Analysis
the Us Dollar is currently trading with an expanding wedge formation. As we mentioned during the previous forecast, this is a good chance to look for reversals. If price reverses from the upper trendline we look for a sell, and if price reverses from the lower lower trendline we look for a buy. And on the flip side, , should price bounce of from the lower trendline, then this will give us the best place to look for along term trade in the direction of that break, As it is now, we recommend staying on the sidelines.
Trade Recommendations:
Wait
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.
