Sell a rebound from around the upper trendline. | 09 September 2020

09 September 2020, USD/JPY

Sell a rebound from around the upper trendline.

Wave Analysis

Despite the previous day's decline in price, we still expect further momentum to the upperside. The anticipated bullish price rally is the continuation of the corrective wave (iv) to the upperside and should not break beyond the upper trend line. As it is now, we are waiting for a bounce from the upper trendline to pick a low risk sell position. This sell is the continuation of the last impulsive wave (v) to the lowerside and should break below 104.415 towards 103.095 or even lower. A break beyond the upper trendline may attract a buy position.

Trade Recommendations:

Sell a rebound from around the upper trendline.

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus