Remain on the sidelines. | 31 أغسطس 2020
31 أغسطس 2020, USD/JPY
Wave Analysis
According to the daily chart attached, the US dollar is currently bouncing off from a good support zone 105.41-105.313. As long as the price remains above this zone, we expect further momentum to the upper side towards the upper trendline but should not breakout any higher. If the price breaks below this zone, then we will be expecting a possible momentum to the lower side towards 103.955 and could breakout much lower. As it is now, we are on the sidelines.
Trade Recommendations:
Remain on the sidelines.
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.
