Sell a break below the supportive trendline. | 24 Marzo 2020
24 Marzo 2020, USD/JPY
Wave Analysis
Nothing much appears to be happening on this pair, the Us dollar continues to consolidate within the contracting wedge formation. If the price can successfully break and close below the supportive trend line, then this will be a good place to consider a long term sell order towards 106.55. The anticipated bearish price rally is the continuation of a corrective three wave cycle and could see the price break below 109.190 towards 106.025. A break and a close above 111.725 towards 112.21 or even higher.
Trade Recommendations:
Sell a break below the supportive trend line.
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.
