Remain short towards 107.155. | 01 يونيو 2020
01 يونيو 2020, USD/JPY
Wave Analysis
Earlier today, the impulsive wave (v) failed to break above the end of the last impulsive wave (iii), this is a possible sign that there are no enough buyers to drive price to the upper side, this, while the price is below the Alligator indicator attached, I expect nothing but a possible momentum to the lower side and should break below 107.115 or even lower. This view can only be invalidated in case the price breaks above the previous week's highest high, if this is the case, then further momentum to the upper side with an ultimate target set around 110.00.
Trade Recommendations:
Remain short towards 107.155.
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.
