Remain long towards 107.992. | 28 أغسطس 2020
28 أغسطس 2020, USD/JPY
Wave Analysis
Earlier today, the US Dollar rallied to the upperside and is now above the upper trendline. As long as we continue to see sustenance above this trendline, we expect nothing but a possible momentum to the upperside with an ultimate target around 107.992. If the price breaks and closes above 107.992, then this will be a good place to consider a possible ,long term buy position towards 109.295. And on the flipside, should the price breaks again and close below the same trendline, then we will be looking for a long term sell position.
Trade Recommendations:
Remain long towards 107.992.
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.
