Sell the US dollar towards 105.21. | 27 يناير 2020
27 يناير 2020, USD/JPY
Wave Analysis
The US Dollar continued to the lower side and is still very much bearish. As it is on this chart, we are expecting either a bullish correction towards 109.813 to pick a buy towards 110.260, or the price should break below 108.745. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and should break below 107.31 or even lower towards 105.134. According to the trend indicator attached, we are bearish, only sell positions are recommended with an ultimate target around 105.00.
Trade Recommendations:
Sell the US dollar towards 105.21.
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.
