Buy a bounce from the lower trendline. | 27 نوفمبر 2020
27 نوفمبر 2020, USD/JPY
Wave Analysis
During the previous trading day, instead of continuing to the upperside, the Us dollar rallied to the lowerside but is still above the lower trendline. If the price breaks and closes below the lower trendline, then further momentum to the lowerside is expected, however, should the price bounce off from the same trendline, then further momentum to the upperside is expected. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and may not break above the upper trendline.
Trade Recommendations:
Buy a bounce from the lower trendline.
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.
