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Wait | 08 December 2020

08 December 2020, USD/JPY

Rebuy the US dollar from 103.715.

Wave Analysis

The US Dollar continues to rally above the level 103.715. If the price breaks and closes below this level then further momentum to the lowerside is expected with an ultimate target set around 100.00 and may breakout much lower towards 99.00 or even lower. A rebound from 103.715 will be a good time to consider a possible long term buy position with an ultimate target set around the upper trendline. A breakout above this trendline will be a good place to consider a possible long term buy position towards 105.565.

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Bob Stan
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