Expect a possible momentum to the lowerside. | 24 أغسطس 2020
24 أغسطس 2020, USD/JPY
Wave Analysis
The Us dollar continued to remain within the contracting wedge formation. Following the bounce from the inner resistance 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 lower side and should break below the supportive trendline. And in case the price bounces off from the supportive trendline, then this will be a good a place to consider a possible buy position towards the upper trendline.
Trade Recommendations:
Expect a possible momentum to the lowerside.
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.
