Remain short towards 100.00. | 17 ديسمبر 2020
17 ديسمبر 2020, USD/JPY
Wave Analysis
Few days ago, the Us Dollar broke below the converging wedge formation and is still pretty much below the lower trendline. On this chart, we are expecting further momentum to the lowerside and could see price break and close below 101.00 or even lower. On this chart, if the price can pullback towards 103.691, then this will be a good place to consider a possible long term sell position expecting an break below 100.00. If you are already in a sell position, then keep this position open.
Trade Recommendations:
Remain short towards 100.00.
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.
