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Resell the US Dollar from 107.890 towards 106.020.

Resell the US Dollar from 107.890 towards 106.020. | 28 Junio 2019

28 Junio 2019, USD/JPY

Wave Analysis

The previous trading day was a perfect bearish pin bar candle bouncing off of a key resistance level 107.890. This is a key level and as long as the price remains below this level, 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 breakout below the level 106.820 towards 106.020 or even lower. As it is on the 4 hour chart, we recommend looking for low risk sell orders towards 105.620.

Trade Recommendations:

Resell the US Dollar from 107.890 towards 106.020.

Bob Stan
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