25 tháng Tám 2020, USD/JPY
Wave Analysis
Instead of continuing to the lower side, the US Dollar moved to the upperside and is still pretty much bullish both on the daily and on the 4 hours, we expect the current move to the upperside to be the continuation of a correction to the upper side and should not go beyond the upper trendline, if you are looking at this chart now, wait for a bounce from the upper trendline to resell the last impulsive waves (5) and (c) to the lowerside with ultimate target set around 103.515. A break below this target may push the price much lower towards 101.610.
Trade Recommendations:
Wait for a sell from around the upper trend line.
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