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Remain short towards 100.00.

Remain short towards 100.00. | 04 January 2021

04 January 2021, USD/JPY

Wave Analysis

Earlier this week, the Us dollar rallied to the lowerside and is still pretty much bearish. As long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should breakout below 102.765 towards 102.680. If you are on this chart, keep looking for long term sell positions expecting price to breakout below 102.680 towards 100.00 and could extend much lower.

Trade Recommendations:

Remain short towards 100.00.

Bob Stan
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