Remain short towards 100.00. | 24 Julio 2020
24 Julio 2020, USD/JPY
Wave Analysis
Late yesterday, the US Dollar continued to the lower side an even went below the level 106.687, while the us dollar continues to sustain the break below this trend line, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (E) and should break below 106.200 towards 105.00 or even lower. If you are in this chart, keep looking for low risk sell positions with an ultimate target around 100.00. As it is now, only sell positions looks ideal.
Trade Recommendations:
Remain short towards 100.00.
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.
