Wait for a possible buy from 106.760. | 22 Julio 2020
22 Julio 2020, USD/JPY
Wave Analysis
Since last week, the US dollar entered into a range, not going above 107.359 or below 106.760. As long as the price remains within this range, we are waiting for either a break above 107.359 to pick a long term buy position, or a break below 106.760 to pick a long term sell position. Alternatively, if the price bounces from 106.760, then this will be a good buy place, and in case it bounce off from 107.359 to pick a sell position. This chart is good for reversal traders. Where we sell from 107.359 and buy from 106.760.
Trade Recommendations:
Wait for a possible buy from 106.760.
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.
