Sell from 104.666 towards 100.550. | 24 نوفمبر 2020
24 نوفمبر 2020, USD/JPY
Wave Analysis
USDJPY_e is currently rallying around 104.539. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . USDJPY_e is currently in a range, not going above the previous day's highest high 104.636,or the previous day's lowest low 103.682 . If the price breaks above 104.636 then we will consider a long term buy with our target at 101.455. And on the flip side, a sustained move below 104.636 will attract sellers with an ideal target around 98.9749.
Trade Recommendations:
Sell from 104.666 towards 100.550.
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.
