Sell the impulsive wave (E) towards 106.175. | 29 Juni 2020
29 Juni 2020, USD/JPY
Wave Analysis
The Us Dollar is currently rallying within a contracting wedge formation. As long as the price remains within this shape formation, we expect a possible sell position. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lower side and should break below 106.360 towards 105.00 or even lower. But should the price break and close above the upper trend line, then further momentum to the upper side and should break above 38.2% towards 50.0% fib level.
Trade Recommendations:
Sell the impulsive wave (E) towards 106.175.
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.
