Expect a possible rally towards 103.712. | 11 ديسمبر 2020
11 ديسمبر 2020, USD/JPY
Wave Analysis
The Us Dollar continues to remain within the range 104.699-103.712, yesterday, we expected the price to rally to the upper side towards 104.699, instead the price pulled back to the lower side and is now heading towards the lower trend line, on this chart, we are expecting a possible momentum towards 103.712, the idea is not to look for a buy or a sell now, rather, we are waiting for a bounce from the level 103.712 to pick a buy or a bounce from 104.699 to pick a possible sell position towards 103.712.
Trade Recommendations:
Expect a possible rally towards 103.712.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
