We're sellers towards 134.78 | 16 ديسمبر 2022
16 ديسمبر 2022, USD/JPY
Wave Analysis:
During the previous trading day, the US Dollar rallied to the upperside but is still below the level 138.229 and may likely rebound from 138.229. As long as the price remains below this level, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave cycle and may see the price rally towards 134.90 and may extend much lower. On this chart, keep looking for sell positions as long as the price remains below 138.229 and may see the price rally towards 134.89 or even lower.
Trade Recommendations:
We're sellers towards 134.78
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.
