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Look for sell positions towards 105.00.

Look for sell positions towards 105.00. | 04 September 2020

04 September 2020, USD/JPY

Look for sell positions towards 105.00.

Wave Analysis

Nothing mush appears to be happening on this pair, we are still seeing a possible chance that the price may continue much lower. As it is now, we are looking for low risk sell position towards the previous week's opening price. My recommendations is that conservative traders should look for long term sell positions only after a clear breakout below 61.8% fib level with their target fixed around 105.00. A break below this level will push the price much lower towards 161.8.

Trade Recommendations:

Look for sell positions towards 105.00.

Bob Stan
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