Remain short towards 104.915. | 28 يوليو 2020
28 يوليو 2020, USD/JPY
Wave Analysis
During the previous week, the US dollar surged massively to the lower side and is still pretty much bearish both on the daily and on the weekly charts, while the price is held below the level 105.260, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of both the impulsive waves (5) and (3) and may break below 105.085 towards 100.00. ON this chart, it is better tow wait for a possible correction to pick a low risk sell position.
Trade Recommendations:
Remain short towards 104.915.
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.
