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Flat | 23 December 2019

23 December 2019, USD/JPY

Wave Analysis

So far, nothing much appears to be happening on this pair, we expected a possible bearish price rally towards 108.46 but that is yet to happen. We're now waiting for a posible break below the previous day's lowest low to pick a possible long term sell towards 108.60, on the contrary, should the price break and close above the previous week's highest high, then this will give us an ideal place to consider a possible long term buy with our target around 109.95. A break above this level could push the price even higher.

Trade Recommendations:

Flat.

Bob Stan
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