28 September 2020, USD/JPY
Wave Analysis
Few days ago, the Us dollar bounced off from the supportive trendline and is now heading straight to the upperside, as it is now, we are expecting a possible bounce from the upper trendline to pick a low risk sell position. If the price breaks and closes above the upper trendline, then we will be expecting further momentum to the upper side towards 38.2% fib level, breakout above this fib level will mean we are continuing to the upper side with an ultimate target set around 50.0% fib level.
Trade Recommendations:
With for a resell from around 38.2% fib level towards 103.950.