Remain short towards the lower trendline. | 16 ديسمبر 2020
16 ديسمبر 2020, USD/JPY
Wave Analysis
Yesterday, the Us dollar rallied to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. While the price remains below the inner wedge formation, we are expecting a possible rally towards the lower trendline, the idea is to look for long term sell position. If you are on this chart, keep looking for long term sell position, the anticipated bearish price rally is the continuation of an impulsive wave count and could see price break below the lower trendline towards 100.00.
Trade Recommendations:
Remain short towards the lower trendline.
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.
