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We're still expecting further momentum to the lower trendline.

We're still expecting further momentum to the lower trendline. | 20 December 2021

20 December 2021, USD/JPY

We're still expecting further momentum to the lower trendline.

Wave Analysis

The previous day's candle closed as an indecision candle with a long tail at the bottom. As it is now, we are still expecting further momentum to the lowerside, however, we may likely see a possible correction to the upperside and should not go beyond 114.082. The way it is now, we are looking forward to a possible rally to the lowerside and should head straight towards the lower trendline and may likely break below it.

Trade Recommendations:

We're still expecting further momentum to the lower trendline.

Bob Stan
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