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We're sellers towards 130.90.

We're sellers towards 130.90. | 14 December 2022

14 December 2022, USD/JPY

We're sellers towards 130.90.

Wave Analysis:

During the previous trading day, the US Dollar bounced off from 138.229, headed straight to the lowerside and is still pretty much bearish both on the daily and on the weekly charts, I am looking at nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and will see the price rally towards 130.90 and may continue much lower.

Trade Recommendations:

We're sellers towards 130.90.

Bob Stan
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