Wait for a retracement towards 106.940 to pick a sell. | 26 Agustus 2019
26 Agustus 2019, USD/JPY
Wave Analysis
The US Dollar is currently trading within the declining channel formation. As long as the price remains within this shape formation, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should breakout below 104.285 towards 100.00 or even lower but should not go below 100. As it is, we're likely to see a retracement back towards 106.940.
Trade Recommendations:
Wait for a retracement towards 106.940 to pick a sell.
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.
