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We're sellers.

We're sellers. | 30 December 2020

30 December 2020, USD/JPY

We're sellers.

Wave Analysis

The Us Dollar is currently within a descending channel formation. On this chart, we expect further momentum to the lowerside and should breakout below the lower trendline towards 102.410. If you are looking at this chart now, keep looking for long term sell positions expecting price to break below 100.00 and could breakout much lower. If you are on this chart now, we are in a sell, the idea is to wait for pull backs to the upperside to pick low risk sell positions expecting a break below 102.410.

Trade Recommendations:

Look for low risk sell positions

Bob Stan
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