Wait for a resell from the upper trendline towards 102.480. | 22 يناير 2021
22 يناير 2021, USD/JPY
Wave Analysis
The US Dollar continues to rally to the lowerside despite the previous forecast that this pair could continue to the upperside. As long as the price remains below the upper trendline, we are waiting for a rebound from the upper trendline to pick a low risk sell position with an ultimate target set at 102.480. If the price breaks and closes below the level 102.480, then we will be expecting further momentum to the lowerside. If the price breaks and closes above the upper trendline, then a move to the upperside is expected.
Trade Recommendations:
Wait for a resell from the upper trendline towards 102.480.
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.
