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Look for long term sell position towards 104.160

Look for long term sell position towards 104.160 | 15 October 2020

15 October 2020, USD/JPY

Look for long term sell position towards 104.160

Wave Analysis

Yesterday, The US Dollar continued perfectly to the lowerside as previously forecasted and is still pretty much bearish both on the daily and on the weekly charts. While the price remains below the upper trendline,we are looking for long term sell positions. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout below 104.410. If you are looking at this chart now, we recommend looking for long term sell positions with an ultimate target at 104.410.

Trade Recommendations:

Look for long term sell position towards 104.160

Bob Stan
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