Remain long upon a break above the upper trendline. | 10 أغسطس 2020
10 أغسطس 2020, USD/JPY
Wave Analysis
Last week, nothing much appears to have happened on this pair, the US dollar closed just a few pips away from its opening price, we are expecting a possible break above either the previous week's highest high, or a break below the previous week's lowest low to pick a possible long term sell position. If the price breaks above the upper trend line, then this will be a good place to consider possible long term buy position and could see price break beyond 106.760 or even higher.
Trade Recommendations:
Remain long upon a break above the upper trendline.
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.
