Wait and buy a rebound from the lower trendline towards 104.875. | 03 نوفمبر 2020
03 نوفمبر 2020, USD/JPY
Wave Analysis
Earlier today, the US dollar continued to the lowerside but is currently around a significant supportive trendline. If the price breaks and closes beyond this trendline, then this will be a good place to consider a possible sell position. But should the price bounce off from this trendline, then we will be considering a possible buy position with an ultimate target set around 104.875. On its way upwards, the next levels to look for include 104.741 and the next one is 104.820. A break beyond 104.930 will push the price much higher.
Trade Recommendations:
Wait and buy a rebound from the lower trendline towards 104.875.
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.
