We're sellers towards the lower trendline. | 16 Desember 2021
16 Desember 2021, USD/JPY
Wave Analysis
After a rally to te upperside, the US Dollar is currently bouncing off from the resistance zone 114.022-113.935. As long as the price remains below this zone, we are looking for a possible long term sell position with an ultimite target set along the lower trendline. The anticipated bearish price rally is the continuation of the last impulsive wave (c) and may break below 111.620 and may extend much lower with the next ideal target set at 109.895.
Trade Recommendations:
We're sellers towards the lower 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.
