Expect a possible momentum to the lower side. | 26 Diciembre 2019
26 Diciembre 2019, USD/JPY
wave Analysis
The US Dollar continues to consolidate below a significant resistance level 109. Last week, we expected an impulsive move after breaking above this resistance level but that did not happen, the current consolidation is mere corrective wave count and could see price extend significantly to the lower side. Should the price gain momentum to the upper side, then we will be waiting for a clear breakout above 109.20 to confirm that we are moving upwards with an ultimate target at 112.00.
Trade Recommendations:
Expect a possible momentum to the lower side.
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.
