Hold onto a sell towards 108.42. | 13 November 2019
13 November 2019, USD/JPY
Wave Analysis
Since the beginning of this week, we're still seeing the continuation of a correction to the lower side but is yet to hit our target. During this week, and possibly in the next few days, we expect a possible continuation of the corrective three wave cycle to the lowerside and should see the last impulsive wave (c) head straight towards the lower trendline. This view can only be rendered futile in case the price rallies to the upper side and even break above the upper trendline, if this is the case, then a momentum to the upper side is expected.
Trade Recommendations:
Hold onto a sell towards 108.42.
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.
