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Remain short.

Remain short. | 10 July 2020

10 July 2020, USD/JPY

Wave analysis

During the previous trading day, the US Dollar moved to the lower side and is now below the supportive trend line, as long as the price remains below the lower trend line, we expect nothing but a possible momentum to the lower side and should break below 106.805 towards 100.00 or even lower. But should the price correct it self to the upper side, then the best place to look for a possible long term sell position towards 105.0. As it now, only sell positions looks ideal and can be recommended.

Trade Recommendations:

Remain short.

Bob Stan
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