Remain short towards 105.393. | 15 سبتمبر 2020
15 سبتمبر 2020, USD/JPY
Wave Analysis
After barely hitting the upper trendline, the us dollar rebounded to the lowerside and is till pretty much bearish both on the daily and on the weekly charts. On this chart, we expect this bearish price rally to be the continuation of the impulsive wave (5) and (c) to the lowerside and should break below 105.393 towards 104.702 or even lower. On this chart, sell positions looks ideal and can safely be recommended, but in case of a break above the upper trendline, then we may consider a buy position.
Trade Recommendations:
Remain short towards 105.393.
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.
