Expect a possible sell towards the supportive trendline. | 03 ديسمبر 2019
03 ديسمبر 2019, USD/JPY
Wave Analysis
The impulsive wave (5) barely reached 110.00 before making a correction to the lowerside, we expect the gap which was seen earlier today to be an onset to a corrective wave count and should see the price rally even lower but should not break below the supportive trendline. If you're looking for a long term trade on this pair, then best place to pick a buy from is from the supportive trendline, but should the price break below this trendline, then further momentum to the lowerside, is expected towards 106.40.
Trade Recommendations:
Expect a possible sell towards the supportive 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.
