Wait for a sell from around 106.690. | 24 Junio 2020
24 Junio 2020, USD/JPY
Wave Analysis
After establishing a swing high around 106.100, the US Dollar corrected itself to the upper side and is currently approaching the 38.2% fib level, this is a key resistance level and in case the price fails to break above it, we will be waiting for a low risk sell position. A break above this level will call for a long term sell position with an ultimate target around the swing high established yesterday, a break below this swing low may mean we are continuing to the lower side with an ultimate target around 105.00.
Trade Recommendations:
Wait for a sell from around 106.690.
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.
