Look for a possible sell position towards the supportive trendline. | 07 Julio 2020
07 Julio 2020, USD/JPY
Wave Analysis
Yesterday's daily candle closed as a bearish pin bar. As long as the price remains below the level 107.518, we expect nothing but a possible momentum to the lower side towards the supportive trend line, if the price bounces off from this trend line, then this will be a good place to look for a buy positions. And should the price break and close above 107.518, then this will be a good place to consider a possible long term buy position with an ultimate target around the upper trend line.
Trade Recommendations:
Look for a possible sell position towards 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.
