Sell USDJPY towards 106.80. | 22 November 2019

22 November 2019, USD/JPY

Wait for a low risk sell

Wave Analysis

Apparently after breaking below the supportive trendline, the US Dollar has not been able to make any clear moves to the lowerside, rather, the pair continues to rally around the same trendline. As long as the price does not clearly go beyond the upper trendline, I expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and could see the price continue even lower with an ultimate target around 106.80.

Trade Recommendations:

Sell USDJPY towards 106.80.

Bob Stan
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