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Expect a possible momentum towards 107.382.

Expect a possible momentum towards 107.382. | 21 July 2020

21 July 2020, USD/JPY

Wave Analysis

For the past few days, the US Dollar has remained within a range, not going above 107.382 or below the lower trend line, as it is now, we are expecting a possible continuation to the upper side but should not go above the upper trend line, we are basically, expecting a possible break above 107.382 to continue upwards, but should the price fail to break above this level, then we will sell the corrective wave (D) towards the lower trend line where we'll be looking to buy the last impulsive wave (E) towards 107.382.

Trade Recommendations:

Expect a possible momentum towards 107.382.

Bob Stan
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