Expect a possible long term buy position towards the upper trendline. | 22 ديسمبر 2021
22 ديسمبر 2021, USD/JPY
Wave Analysis
The US Dollar is currently within a range, rallying within the expanding wedge formation. On this chart, as long as the price remains within this shape formation, I am waiting for a rebound from the lower trendline to pick a buy position and a rebound from the upper trendline to pock a possible sell position. And in case the price breaks bellow the lower trendline, then further momentum much lower is expected.
Trade Recommendations:
Expect a possible long term buy position towards the upper 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.
