Sell the US Dollar with your take profit at 108.65. | 20 Desember 2019
20 Desember 2019, USD/JPY
Wave Analysis
As expected, the corrective wave (c) failed to continue upwards as previously forecasted and could not go beyond 109.70. Following this bounce, we expect further momentum to the lower side and could break below the previous day;s lowest low towards 108.65. But should the price break below 108.65, then this will confirm that we are continuing to the lower side. In case the price breaks and closes above 109.70, then this will mean we are upwards with our next target being 112.00.
Trade Recommendations:
Sell the US Dollar with your take profit at 108.65.
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.
