Sell a rebound from 61.8% fib level. | 08 September 2020
08 September 2020, USD/JPY
Wave Analysis
Yesterday, nothing much happened on this pair, we expected a possible momentum to the upperside. Unfortunately, we are yet to see any significant moves to the upperside. As it is now, we are waiting for a bounce from the upper trendline to pick a long term sell position. And in case the price breaks and closes above the upper trendline, then e will be expecting further momentum to the upperside towards 108.100 or even higher. On the lowerside, we recommend looking for more sell positions towards 23.6% fib level.
Trade Recommendations:
Sell a rebound from 61.8% fib level.
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.
