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Remain short towards 102.580.

Remain short towards 102.580. | 14 December 2020

14 December 2020, USD/JPY

Remain short towards 102.580.

Wave Analysis

The Us dollar is currently within a converging wedge. As long as the price remains within this wedge we are looking for a rebound from the lower trendline or a rebound from the upper trendline. If the price breaks and closes below the lower trendline, then further momentum to the lowerside towards the lower trendline. If the price breaks below 102.960, then we expect further momentum to the lowerside with the next ideal target being 100.02.
Trade Recommendations:
Remain short towards 102.580.
Bob Stan
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