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Expect sellers to dominate today

Expect sellers to dominate today | 13 Junio 2019

13 Junio 2019, USD/JPY

Expect sellers to dominate today

Wave Analysis

The Us Dollar is currently trading within an expanding wedge formation. Yesterday, we expected steep decline especially is the price could head towards 109.00, Unfortunately, the price went straight to the lowerside and is still bearish both on the daily and the weekly charts. As long as the price is contained within this shape, we're waiting to buy a bounce from the supportive trendline, or a bounce from the upper trendline to pick a sell. A breakout below the supportive ttendline will offer the best opportunity to look for a long term sell.

Trade Recommendations:

Wait for a possible long term sell below the supportive trendline towards 105.21.

Bob Stan
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