Look for sell positions towards 102.253. | 04 أغسطس 2020
04 أغسطس 2020, USD/JPY
Wave Analysis
After a tremendously pull back to the upper side, the US Dollar is not able to close above 106.104, while the price remains below this level, 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 [c] and should break below 102.253 towards 100.180 or even lower. If the price breaks and closes above 106.104, then this could be a sign that we are continuing to the upper side towards the upper trend line.
Trade Recommendations:
Look for sell positions towards 102.253.
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.
