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Remain short towards 104.087.

Remain short towards 104.087. | 05 November 2020

05 November 2020, USD/JPY

Remain short towards 104.087.

Wave Analysis

During the previous trading day, Euro rallied significantly to the lowerside and even ended up breaking below the supportive trendline. While 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 and could see price break below 104.087 towards 100.0 or even lower. As it is on this chart, only sell positions looks ideal and can safely be recommended.

Trade Recommendations:

Remain short towards 104.087.

Bob Stan
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