We're looking for a sell position towards 102.700. | 29 ديسمبر 2020
29 ديسمبر 2020, USD/JPY
Wave Analysis
As long as the price remains within the contracting wedge formation. On this chart, we are looking for long term sell position. The current rally to the upperside is a correction to the upperside but should not go beyond the inner trendlines, then further momentum to the lowerside is expected with an ultimate target set around the 102.700 and could breakout much lower towards 101.00 or even lower. If the price breaks above the upper trendline, then further momentum much higher is expected with an ultimate target set at 106.916.
Trade Recommendations:
We're looking for a sell position towards 102.700.
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.
