Sell the US Dollar towards the lower trendline. | 14 نوفمبر 2019
14 نوفمبر 2019, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the previous day's lowest low, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the corrective three wave cycle and should go below the supportive trendline towards 100.00 or even lower. This view can only be invalidated in case the price bounces off from the supportive trendline.
Trade Recommendations:
Sell the US Dollar towards the lower 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.
