With for a resell from around 38.2% fib level towards 103.950. | 28 سبتمبر 2020
28 سبتمبر 2020, USD/JPY
Wave Analysis
Few days ago, the Us dollar bounced off from the supportive trendline and is now heading straight to the upperside, as it is now, we are expecting a possible bounce from the upper trendline to pick a low risk sell position. If the price breaks and closes above the upper trendline, then we will be expecting further momentum to the upper side towards 38.2% fib level, breakout above this fib level will mean we are continuing to the upper side with an ultimate target set around 50.0% fib level.
Trade Recommendations:
With for a resell from around 38.2% fib level towards 103.950.
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.
