We're waiting for a sell from 138.229. | 12 Desember 2022
12 Desember 2022, USD/JPY
Wave Analysis:
The US Dollar continues to rally within an expanding wedge formation and is not showing signs of breaking above or below it. As it is right now, I am waiting for a rebound from 138.229 to pick a possible long term sell position with an ideal target set around 134.89 and may breakout much lower. On this chart, I am looking at nothing but a possible long term sell position, otherwise, if the price breaks and close above 138.229, then we may consider a possible long term buy order with the next ideal target set around 141.640 and will likely continue to the next level.
Trade Recommendations:
We're waiting for a sell from 138.229.
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.
