Wait | 01 July 2020

01 July 2020, USD/JPY

Wait

Wave Analysis

The Us Dollar is still rallying withing a contracting wedge formation, as long as the price remains within this range formation, we're waiting for a sell from the upper trend line and a buy from the lower side trend line. Should the price break and close above the upper trend line then further momentum to the upper side is expected with an ultimate target around 118.000. And on the other side, should the price break and close below the supportive trend line, then further momentum to the lower side is expected towards 103.750.

Trade Recommendations:

Wait

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus