Waiting for a sell from the upper trendline towards 103.790. | 22 سبتمبر 2020
22 سبتمبر 2020, USD/JPY
Wave Analysis
The US dollar is currently in an active downtrend. As long as the remains below the upper 100 Period moving average, we expect nothing but a possible momentum to the lowerside. The current bullish price rally is the continuation of a corrective wave count but should not go beyond the upper trendline. If the price breaks and closes above the upper trendline, then we will expect the current corrective wave cycle to continue to the upperside with an ultimate target around 105.210.
Trade Recommendations:
Waiting for a sell from the upper trendline towards 103.790.
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.
