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Sell the US Dollar with your take profit at 108.65.

Sell the US Dollar with your take profit at 108.65. | 20 December 2019

20 December 2019, USD/JPY

Sell the US Dollar with your take profit at 108.65.

Wave Analysis

As expected, the corrective wave (c) failed to continue upwards as previously forecasted and could not go beyond 109.70. Following this bounce, we expect further momentum to the lower side and could break below the previous day;s lowest low towards 108.65. But should the price break below 108.65, then this will confirm that we are continuing to the lower side. In case the price breaks and closes above 109.70, then this will mean we are upwards with our next target being 112.00.

Trade Recommendations:

Sell the US Dollar with your take profit at 108.65.

Bob Stan
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