Remain short towards 103.490. | 21 أغسطس 2020
21 أغسطس 2020, USD/JPY
Wave Analysis
After bouncing off from the upper trendline, the US Dollar continued to the lowerside and is still very much bearish both on the daily and on the weekly charts. While the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of both the impulsive waves (5) and (c) to the lowerside and may break below 104.045 towards 102.950 or even lower. As it is now, we are looking for low risk sell positions.
Trade Recommendations:
Remain short towards 103.490.
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.
