Sell Us Dollar towards 108.40. | 27 Desember 2019
27 Desember 2019, USD/JPY
Wave Analysis
Just as previously forecasted, the impulsive wave (5) could not break above 109.60. We expect the bounce from 109.60 to have marked an end to the impulsive wave (5), that the current bearish price rally is the continuation of a corrective wave count and could see the price continue even lower towards 109.60. This view remains true as long as the price is held below 109.60. Break above 109.60 will mean we are continuing to the upper side with the next ideal take profit set at 111.00.
Trade Recommendations:
Sell Us Dollar towards 108.40.
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.
