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Remain long towards the upper trendline.

Remain long towards the upper trendline. | 14 Agustus 2020

14 Agustus 2020, USD/JPY

Remain long towards the upper trendline.

Wave Analysis

After bouncing off from the supportive level 104.671, the Us dollar continued to the upper side but is still several pips away from our target set along the upper trend line, as it is now, we are waiting for a bounce from the upper trend line to pick a possible long term sell position. And in case he price breaks and closes above the two upper trend line, then we will be looking for a possible long term buy position. A bounce from the supportive trend line will be a good place to consider a possible long term sell position

Trade Recommendations:

Remain long towards the upper trend line.

Bob Stan
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