Wait | 17 June 2020

17 June 2020, USD/JPY

Wait

Wave Analysis

The Us dollar continues to rally within a range not breaking above or below the trend lines forming the rising wedge formation. As it is now. we expect a possible rally towards the 38.2% fib level to pick a low risk sell position. But should the price beak above this fib, then we expect further momentum to the upperside towards 50.0% fib level. And on the lower side, only a clear breakout below the swing low 106.55 will mean we are heading to the lowerside with an ultimate target around 105.00.

Trade Recommendations:

Wait.

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .