Flat | 24 December 2019

24 December 2019, USD/JPY

Flat

Wave Analysis

US Dollar is still consolidating around the previous day's opening price. As long as the price does not clearly break below the previous day's lowest low or above the previous day's highest high, we choose to remains on the sidelines, our expectation is that the price should continue upwards after breaking above 109.70 and could spike even higher towards 110.00. And on the flip side, a break below 109.20 will give us a good chance to pick a possible long term sell order towards 108.40.

Trade Recommendations:

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Bob Stan
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