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.
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.
