07 августа 2019, USD/JPY
Wave Analysis
During the previous trading week, the US Dollar continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the zone 106.792-107.148, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and should break below the recent lowest low towards 100.00 or even lower. The idea is to wait for pullbacks to the upperside to pick low risk sell orders.
Trade Recommendations:
look for low risk sell orders
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