Wait and buy a break above the level 106.760 towards the upper trendline. | 12 Agosto 2020

12 Agosto 2020, USD/JPY

Wait and buy a break above the level 106.760 towards the upper trendline.

Wave Analysis

Yesterday, the US Dollar went slightly higher than expected but is currently approaching a major resistance level 106.760. While the price is not able to clearly ascend above 106.760, we are on the sidelines, but in case the price breaks and closes above 106.760, then this will be a good place to consider a long term buy position. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side towards the upper trend line. A bounce from the upper trend line will give us a good place to consider a possible sell position.

Trade Recommendations:

Wait and buy a break above the level 106.760 towards the upper trend line.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus