Wait for corrections to pick low risk sell orders | 06 Junio 2019
06 Junio 2019, USD/JPY
Wave Analysis
Yesterday, the cable pulled back to the upperside instead of heading to the lowerside as previously expected. As long as the price remains below 109.71, we're looking for low risk sell orders. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should breakout below 107.710 towards 105.00 or even lower. A retracement back towards 109.71 or a breakout below 107.710 will attract a low risk sell order towards 105.00 or even lower.
Trade Recommendations:
We're looking for low risk sell orders from 109.71
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.
