We're sellers towards the lower trendline | 07 Januari 2022
07 Januari 2022, USD/JPY
Wave Analysis
After a massive move to the upperside, the US Dollar is currently around the upper trendline. While the price does not clearly break and close above this level, we are waiting for a clear rebound from the upper trendline to pick a possible long term sell position towards the lower trendline and may likely break and close below it. On this chart, I expect nothing but a possible momentum to the loweeside. As it is right now, keep looking for low risk sell positions towards the lower trendline.
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.
