Sell a break below the lower trendline. | 24 ديسمبر 2020
24 ديسمبر 2020, USD/JPY
Wave Analysis
Nothing much happened on this pair, the US dollar is still within the two wide wedge lines. As it is now, we are eyeing a possible rally towards the upper trendline and should not breakout above it. If the price breaks below the inner lower trendline, then this will be a good place to consider a possible long term sell position towards the lower trendline and should breakout much lower. If the price breaks below this trendline then this will be a good place to consider a possible long term sell position towards 102.415.
Trade Recommendations:
Sell a break below 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.
