Look for sell positions towards 104.090. | 12 اكتوبر 2020
12 اكتوبر 2020, USD/JPY
Wave Analysis
Last week, the US Dollar attempted to breakout above the upper trendline but again ended up below it. As long as the price remains below it, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout beyond 104.090 towards 100.00 or even lower. And on the flipside, should the price break and close above the upper trendline, then we expect further momentum upwards.
Trade Recommendations:
Look for sell positions towards 104.090.
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.
