Remain short towards 104.285. | 13 November 2020
13 November 2020, USD/JPY
Wave Analysis
Few days ago, the US Dollar bounced off nicely from the upper trendline and is currently heading to the lowerside as long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the unfolding of an impulsive wave count and could see price break below 104.295 towards 103.350. And on the flipside, should the price break and close above the upper trendline, then we will be looking for buy positions towards 106.170.
Trade Recommendations:
Remain short towards 104.285.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
