We're on the sidelines. | 06 Enero 2022
06 Enero 2022, USD/JPY
Wave Analysis
The US Dollar is currently rallying around 116.042. As long as the price does not clearly break above the upper trendline, we will be looking for a possible long term sell position. If the price should break above the upper trendline, then further rally much higher is expected. On the Flipside, should the price rebound from the upper trendline, then this should be the correct place to consider a possible momentum to the lowerside.
Trade Recommendations:
We're on the sidelines.
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.
