14 Tháng Năm 2020, USD/JPY
Wave Analysis
During the previous trading day, the impulsive wave (v) continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts, as long as the price remains below the supportive trend line, we expect further continuation of the impulsive wave (v) to the lower side and should break below 105.820 towards 104.00 or even lower. This view can only be invalidated in case the price breaks and closes above the upper trend line, if this is the case, then further momentum upwards is expected towards 109.600. As it is now, only sell positions looks ideal.
Trade Recommendations:
Remain short towards 105.820.
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