Look for long term sell positions towards 102.720. | 25 نوفمبر 2020
25 نوفمبر 2020, USD/JPY
Wave Analysis
Yesterday, nothing much happened on this pair, the US Dollar failed to break beyond 104.542 but at the same time failed to break above 104.80. On this chart, while the price is held below the zone 104.542-104.450, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should break below the lower trendline but must not go beyond 102.720. If you are on this chart now, keep looking for sell positions.
Trade Recommendations:
Look for long term sell positions towards 102.720.
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.
