We're sellers. | 30 ديسمبر 2020
30 ديسمبر 2020, USD/JPY
Wave Analysis
The Us Dollar is currently within a descending channel formation. On this chart, we expect further momentum to the lowerside and should breakout below the lower trendline towards 102.410. If you are looking at this chart now, keep looking for long term sell positions expecting price to break below 100.00 and could breakout much lower. If you are on this chart now, we are in a sell, the idea is to wait for pull backs to the upperside to pick low risk sell positions expecting a break below 102.410.
Trade Recommendations:
Look for low risk sell positions
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.
