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We're on the sidelines.

We're on the sidelines. | 06 January 2022

06 January 2022, USD/JPY

Wait and buy a break above 116.43 towards 118.90.

Wave Analysis

The US Dollar is currently rallying around 116.042. As long as the price does not clearly break above the upper trendline, we will be looking for a possible long term sell position. If the price should break above the upper trendline, then further rally much higher is expected. On the Flipside, should the price rebound from the upper trendline, then this should be the correct place to consider a possible momentum to the lowerside.

Trade Recommendations:

We're on the sidelines.

Bob Stan
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