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USDJPY. Wait for a long term sell order from 107.790.

USDJPY. Wait for a long term sell order from 107.790. | 19 July 2019

19 July 2019, USD/JPY

USDJPY. Wait for a long term sell order from 107.790.

Wave Analysis

After breaking massively below the lower trendline, the US dollar is currently showing signs of pulling back to the upperside, this pair is still very bearish, the current move we're seeing to the upperside is the continuation of a corrective wave count but should not go beyond 107.790 where we'll be look for long term sell opportunites towards 107.326, if this level is broken, then further move even further to the lowerside is expected with an ultimate target at 106.00 or even lower.

Trade Recommendations:

Wait for a long term sell order from 107.790.

Bob Stan
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