Look for low risk sell position with an ultimate target set around 102.227. | 09 نوفمبر 2020
09 نوفمبر 2020, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar rallied to the lowerside and is still below the supportive trendline. As long as the price remains below this trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of both the impulsive waves (5) and (v) and may breakout below 102.227. A breakout below this level will mean we are continuing to the lowerside and could see price break below 100.970 or even lower.
Trade Recommendations:
Look for low risk sell position with an ultimate target set around 102.227.
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.
