Wait for a sell from around the upper trendline. | 25 Agosto 2020
25 Agosto 2020, USD/JPY
Wave Analysis
Instead of continuing to the lower side, the US Dollar moved to the upperside and is still pretty much bullish both on the daily and on the 4 hours, we expect the current move to the upperside to be the continuation of a correction to the upper side and should not go beyond the upper trendline, if you are looking at this chart now, wait for a bounce from the upper trendline to resell the last impulsive waves (5) and (c) to the lowerside with ultimate target set around 103.515. A break below this target may push the price much lower towards 101.610.
Trade Recommendations:
Wait for a sell from around the upper trend line.
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.
