Resell the US Dollar from 107.890 towards 106.020. | 28 Juni 2019
28 Juni 2019, USD/JPY
Wave Analysis
The previous trading day was a perfect bearish pin bar candle bouncing off of a key resistance level 107.890. This is a key level and as long as the price remains below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout below the level 106.820 towards 106.020 or even lower. As it is on the 4 hour chart, we recommend looking for low risk sell orders towards 105.620.
Trade Recommendations:
Resell the US Dollar from 107.890 towards 106.020.
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.
