Remain long towards the upper trendline. | 14 أغسطس 2020
14 أغسطس 2020, USD/JPY
Wave Analysis
After bouncing off from the supportive level 104.671, the Us dollar continued to the upper side but is still several pips away from our target set along the upper trend line, as it is now, we are waiting for a bounce from the upper trend line to pick a possible long term sell position. And in case he price breaks and closes above the two upper trend line, then we will be looking for a possible long term buy position. A bounce from the supportive trend line will be a good place to consider a possible long term sell position
Trade Recommendations:
Remain long towards the upper trend line.
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.
