Look for long term sell position towards 104.160 | 15 اكتوبر 2020
15 اكتوبر 2020, USD/JPY
Wave Analysis
Yesterday, The US Dollar continued perfectly to the lowerside as previously forecasted and is still pretty much bearish both on the daily and on the weekly charts. While the price remains below the upper trendline,we are looking for long term sell positions. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout below 104.410. If you are looking at this chart now, we recommend looking for long term sell positions with an ultimate target at 104.410.
Trade Recommendations:
Look for long term sell position towards 104.160
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.
