Sell USDJPY towards 107.75. | 09 ديسمبر 2019
09 ديسمبر 2019, USD/JPY
Wave Analysis
On Friday last week, US Dollar rallied to the lower side after breaking below the supportive trendline and is still pretty much bearish both on the daily and the 4 hours chart. As long as the price remains below the supportive trendline, we expect a possible continuation of the impulsive wave c to the lowerside and should break below 108.00. This view can only be invalidated in case the price breaks and closes above the immediate trendline, if this is the case, then a move to the upperside is expected.
Trade Recommendations:
Sell USDJPY towards 107.75.
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.
