Wait for a buy from the supportive trendline. | 02 Julio 2020
02 Julio 2020, USD/JPY
Wave Analysis
Yesterday, the US Dollar moved slightly to the upper side but is still several pips below the upper trend line. I'm waiting for a possible bounce from the upper trend line to pick a possible sell position. u 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 118.00. And on the flip side should the price break and close below the lower trend line then further momentum to the lower side is expected with an ultimate target at 102.730.
Trade Recommendations:
Wait for a buy from the supportive trendline.
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.
