Wait for a low risk sell | 21 November 2019
21 November 2019, USD/JPY
Wave Analysis
During the previous trading, the US Dollar continued to the lowerside and even went below the supportive trendline, as long as the price remains below this trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count to the lowerside and could see the price break below 108.20 towards 106.80. This view can only be invalidated in case the price moves up and closes above the same trendline, if this is the case, then a momentum to the upperside is expected.
Trade Recommendations:
Wait for a low risk sell around the immediate trendline.
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.
