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Sell the US dollar towards 108.790.

Sell the US dollar towards 108.790. | 30 Enero 2020

30 Enero 2020, USD/JPY

Sell the US dollar towards 108.790.

Wave Analysis

the US Dollar reversed and is currently heading to the lowerside. As long as the price remains below the Trend indicator attached, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and could break below 108.790 towards 105.00 or even lower. This view can only be invalidated in case the price breaks and closes above 109.270, if this is the case the case, then a possible momentum to the lowerside is expected.

Trade Recommendations:

Sell the US dollar towards 108.790.

Bob Stan
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