Remain short towards 104.693. | 13 Julio 2020
13 Julio 2020, USD/JPY
Wave Analysis
During the previous week, the US Dollar moved to the lower side and is still pretty much bearish both on the daily and on the weekly charts, While the price remains below the upper trend line,we expect nothing but a possible momentum to the lower side, the idea is to look for long term sell positions. And on the flip side, 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 117.889. But in case the price break and close below 104.693, then a move towards 100.658 is expected.
Trade Recommendations:
Remain short towards 104.693.
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.
