Remain short | 18 سبتمبر 2020
18 سبتمبر 2020, USD/JPY
Wave Analysis
USDJPY is currently in an active down trend. As long as the price is held below the three moving averages attached, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should breakout below 104.490 towards 100.00 or even lower. As it is now, buy positions looks a bit risky and may not be recommended. But should the price break beyond the upper moving average, then a move much higher is expected.
Trade Recommendations:
Expect further 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.
