02 Oktober 2020, USD/JPY
Wave Analysis
After bouncing off from the upper trendline, the US Dollar moved just a few pips to the lowerside and is still pretty much bearish. While we continue to see sustenance below the upper trendline, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout below 103.974, A breakout below this level will push the price much lower with an ultimate target set around 103.380.
Trade Recommendations:
Remain short towards 103.974.