Wait | 01 Julio 2020
01 Julio 2020, USD/JPY
Wave Analysis
The Us Dollar is still rallying withing a contracting wedge formation, as long as the price remains within this range formation, we're waiting for a sell from the upper trend line and a buy from the lower side trend line. Should the price break and close above the upper trend line then further momentum to the upper side is expected with an ultimate target around 118.000. And on the other side, should the price break and close below the supportive trend line, then further momentum to the lower side is expected towards 103.750.
Trade Recommendations:
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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.
