Main a sellers approach on this chart. | 15 December 2020
15 December 2020, USD/JPY
Wave Analysis
The Us Dollar continues to rally within the contracting wedge formation And is not showing any signs of breaking above the upper most trendline or below the lower most trendline, On this chart, we are looking for a possible breakout below the lower trendline to confirm a possible continuation of the impulsive wave (E) to the lowerside and should breakout below 102.580 towards 100.00 or even lower. On the flipside, should the price break above the upper trendline, then we are upwards towards 107.180.
Trade Recommendations:
Main a sellers approach on this chart.
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.
