Remain short towards 103.974. | 02 اكتوبر 2020
02 اكتوبر 2020, USD/JPY
Wave Analysis
After bouncing off from the upper trendline, the US Dollar moved just a few pips to the lowerside and is still pretty much bearish. While we continue to see sustenance below the upper trendline, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout below 103.974, A breakout below this level will push the price much lower with an ultimate target set around 103.380.
Trade Recommendations:
Remain short towards 103.974.
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.
