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Remain short towards 102.710.

Remain short towards 102.710. | 31 December 2020

31 December 2020, USD/JPY

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Wave Analysis

The Us Dollar continues to rally to the lower side perfectly as previously forecasted, on this chart, as long as we continue to see sustenance below 103.910 and below the upper blue line, we are looking for long term sell position towards 102.710. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and may ultimately break below 102.710 towards 100.00 or even lower. A rebound from 102.710 may attract a possible pullback towards 103.710.

Trade Recommendations:

Remain short towards 102.710.

Bob Stan
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