Wait | 28 اكتوبر 2020
28 اكتوبر 2020, USD/JPY
Wave Analysis
The US Dollar has finally hit our target set along the lower trendline. This is perfectly in line with what we forecasted last week, while the price was around the upper trendline. A rebound from the lower trendline will mark an end to the last impulsive wave (E) while a break below the same trendline will push the price much lower with an ultimate target set around 102.00 and could breakout much lower. On this chart, a rebound from the lower trendline will provide a good opportunity for a buy position with a target along the upper trendline.
Trade Recommendations:
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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.
