Sell the US dollar towards 108.790. | 30 يناير 2020
30 يناير 2020, USD/JPY
Wave Analysis
the US Dollar reversed and is currently heading to the lowerside. As long as the price remains below the Trend indicator attached, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and could break below 108.790 towards 105.00 or even lower. This view can only be invalidated in case the price breaks and closes above 109.270, if this is the case the case, then a possible momentum to the lowerside is expected.
Trade Recommendations:
Sell the US dollar towards 108.790.
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.
