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Rebuy the US dollar from 103.715.

Rebuy the US dollar from 103.715. | 07 December 2020

07 December 2020, USD/JPY

Rebuy the US dollar from 103.715.

Wave Analysis

The Us dollar is currently around the level 103.715. As long as the price remains below the upper trendline, we are waiting for a rally towards the lower trendline. However, if the price rally to the upperside, then further momentum to the upperside is expected towards the upper trendline. And if the price breaks and closes above the upper trendline, then further momentum to the upperside is expected with an ultimate target around 105.565. A break above this level will push the price will continue much higher towards 106.54.

Trade Recommendations:

Rebuy the US dollar from 103.715.

Bob Stan
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