Wait for a bounce from 107.800 to pick a buy. | 24 Julio 2019

24 Julio 2019, USD/JPY

Wave Analysis

Earlier today, the US Dollar went below the supportive trendline. As long as the price remains below this trendline, I expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of a corrective three wave cycle but should not go beyond 108.025, in case the price breaks below this level, then I'll expect further momentum to the lowerside towards 107.800. A bounce from 108.025 will attract a buy, the next best place to buy from is 107.800.

Trade Recommendations:

Wait for a bounce from 107.800 to pick a buy.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.