Look for long term sell positions. | 18 نوفمبر 2020
18 نوفمبر 2020, USD/JPY
Wave Analysis
The US dollar continues to create lower lows perfectly in line with what was forecasted. As long as the price remains below the three lines of the indicator, we are looking for long term sell position. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should breakout below 103.870 towards 102.00 or even lower. At this point, only sell positions looks ideal and can safely be recommended. however, in case the price breaks above the blue line, then further momentum to the upper side may be expected.
Trade Recommendations:
Look for long term sell positions.
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.
