Wait for a possible sell position. | 14 Julio 2020
14 Julio 2020, USD/JPY
Wave Analysis
During the previous trading day, the corrective three wave cycle continued to the upper side but is currently around 107.365-107.293, this is a potential sell place and as long as the price is not able to clearly break and close above it, we are waiting for a possible sell position. And in case the price breaks and close above 107.365, then this will be a good place to consider a possible long term buy position with an ultimate target around 107.860. A break any higher could push price towards 110.00.
Trade Recommendations:
Wait for a possible sell position.
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.
