Wait | 17 أغسطس 2020
17 أغسطس 2020, USD/JPY
Wave Analysis
Last week, we expected a possible momentum towards the upper trendline. While the price is not able to clear break above 106.76, we are on the sidelines, but should the price breakout and close above 16.760, then we will be looking for long term buy position towards the upper trendline, the anticipated bullish price rally is the continuation of the impulsive wave (iv) but should not break above the upper trendline, A bounce from the upper trendline will be a good place to sell the last impulsive wave (v) towards 102.261.
Trade Recommendations:
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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.
