Hold onto buy positions towards the upper trendline. | 30 December 2021

30 December 2021, USD/JPY

Hold onto buy positions towards the upper trendline.

Wave Analysis:
The US Dollar continues to move to the upperside and is not showing any signs of pulling back. As it is right now, we expect nothing but a possible momentum towards the upper trendline and may likely break above it. In case the price rebounds from the upper trendline, then this will be a good place to consider a possible long term sell position towards the lowerside and may head straigght towards the lower trendline.
Trade Recommendation:
Hold onto buy positions towards the upper trendline.
Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus