Sell the US Dollar towards 106.50. | 10 Desember 2019
10 Desember 2019, USD/JPY
Wave Analysis
So far, the Us Dollar is below a significant supportive trendline. As long as the price is held below the immediate supportive trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of a corrective wave count and could see the price rally even lower with an ultimate target around 106.80. On the upperside, should the price pullback upwards, then only a clear breakout above 109.20 will mean we are continuing to the upperside with our next level at 109.80.
Trade Recommendations:
Sell the US Dollar towards 106.50.
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.
