We're waiting for a buy from the lower trendline towards the upper trendline. | 01 Desember 2021
01 Desember 2021, USD/JPY
Wave Analysis:
The US Dollar continues to rally to the lowerside and is still pretty much bearish both on the daily and on the weekly charts, As it is right now, we expect a possible extension of the corrective wave (4) to the lowerside but should not break below the lower trendline. As it is right now, if the price can rebound from the lower trendline, then this will be the ideal place to consider a possible long term buy position with an ideal target along the upper trendline.
Trade Recommendations:
We're waiting for a buy from the lower trendline 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.
