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Rebuy the Us dollar from the lower trendline.

Rebuy the Us dollar from the lower trendline. | 01 September 2020

01 September 2020, USD/JPY

Rebuy the Us dollar from the lower trendline.

Wave Analysis

The US dollar is currently rallying within a range, not going above the upper trendline or below the supportive trendline. As it is now, we are expecting a possible bounce from the lower trendline to pick a low risk buy position. And in case the price breaks and closes below it, then we are likely to see a surge much lower. And bounce from the lower trendline will mark an end to the impulsive wave (c) and the unfolding of the next corrective wave (D) to the upperside towards the upper trendline.

Trade Recommendations:

Rebuy the Us dollar from the lower trendline.

Bob Stan
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