Remain short towards 100.00. | 29 Julio 2020
29 Julio 2020, USD/JPY
Wave Analysis
The previous day's candle closed a few pips below it opening price. I still expect more momentum to the lower side. As it is now, I expect a possible breakout below the level 105 towards 100.00 or even lower. the anticipated bearish price rally is the continuation of the larger impulsive wave [c] and may ultimately break below 100.0. This view can only be invalidated in case the price again rises above 50.0% fib level, if this is the case, then we will expect a possible momentum much higher.
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.
