Sell a break below 106.594 towards 105.00. | 19 يونيو 2020
19 يونيو 2020, USD/JPY
Wave Analysis
During the previous trading day, there was a massive correction to the lower side but is currently approaching a support level 106.594. As it is now, we are expecting a possible break below 106.594 to pick a long term sell position with an ultimate target around 105.00. And should the price bounce off from 106.594, then this will be a good place to consider a possible long term buy position towards 107.730. If the price breaks and closes above 107.730 then this is also a good place to consider a buy position towards 109.870.
Trade Recommendations:
Sell a break below 106.594 towards 105.00.
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.
