Wait | 20 Julio 2020
20 Julio 2020, USD/JPY
Wave Analysis
The US Dollar is currently rallying within an expanding wedge formation. As long as the price remains within this shape formation, we are waiting for either a bounce from the upper trendline to pick a sell or a bounce from the lower trendline to pick a buy position. And should the price breakout and close above the upper trendline, then we will be expecting further momentum to the upperside towards 107.990. And on the other side, should the price break and close below the lower trendline then further momentum to the lowerside is expected.
Trade Recommendations:
Wait.
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.
