Sell a break below 109.813. | 22 Januari 2020
22 Januari 2020, USD/JPY
Wave Analysis
After a massive decline seen during the previous trading day, the US Dollar failed to break below 109.813. As long as the price remains within the range 109.813 and 110.360, we are only interested in trading reversals. a bounce from 110.260 will attract a sell and a bounce from 109.813 will attract a buy. A break above 110.360 will attract a long term buy order towards 114.011. A break below 109.813 will attract a long term sell order towards 107.905. On the lower side, the other key level to look at is 109.300.
Trade Recommendations:
Sell a break below 109.813.
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.
