Look for low risk sell positions with an ultimate target set around 104.160. | 20 اكتوبر 2020
20 اكتوبر 2020, USD/JPY
Wave Analysis
On this chart, we're eyeing a possible bearish price rally towards 104.180. If the price breaks and closes below this level, then further momentum to the lower side is expected. And on the flip side, should the price breakout and close above the zone 105.582-105.415, then we will be expecting a possible bullish price rally but should not go beyond 106.175. A breakout above this level will the price much higher with an ultimate target set around 107.185. As it is now, look for sell positions.
Trade Recommendations:
Look for low risk sell positions with an ultimate target set around 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.
