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Expect a possible rally towards 103.712.

Expect a possible rally towards 103.712. | 11 December 2020

11 December 2020, USD/JPY

Expect a possible rally towards 103.712.

Wave Analysis

The Us Dollar continues to remain within the range 104.699-103.712, yesterday, we expected the price to rally to the upper side towards 104.699, instead the price pulled back to the lower side and is now heading towards the lower trend line, on this chart, we are expecting a possible momentum towards 103.712, the idea is not to look for a buy or a sell now, rather, we are waiting for a bounce from the level 103.712 to pick a buy or a bounce from 104.699 to pick a possible sell position towards 103.712.

Trade Recommendations:

Expect a possible rally towards 103.712.

Bob Stan
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