Remain short towards the lower trendline. | 26 اكتوبر 2020
26 اكتوبر 2020, USD/JPY
Wave Analysis
The Us dollar is still being held below the immediate upper trendline but above the lower trendline. As we said previously, we are still looking for long term sell positions on this chart, our expectations is that the price should continue to the lowerside and should breakout below 103.880 towards 103 or even lower. The anticipated bearish price rally is the continuation of the last impulsive wave (E) to the lowerside but should first pull back upwards towards 105.290 or even higher towards the upper trendline.
Trade Recommendations:
Remain short towards the lower trendline.
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.
