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We're waiting for a sell from 133.736 towards 130.

We're waiting for a sell from 133.736 towards 130. | 27 December 2022

27 December 2022, USD/JPY

We're waiting for a sell from 133.736 towards 130.

Wave Analysis:

The US Dollar is currently pulling back to the upperside. We expect the price to continue to rally much higher and may see a possible rally towards 133.736 and may break beyond it. If the price rebounds from it, then this will be a good place to consider a possible sell position with the next ideal target set around 132.00 and may break lower. On the flipside, should the price break and close above 133.736, then this will be a good place to consider a possible buy position.
Trade Recommendations:
We're waiting for a sell from 133.736 towards 130.
Bob Stan
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