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Remain short towards 100.00.

Remain short towards 100.00. | 17 December 2020

17 December 2020, USD/JPY

Remain short towards 100.00.

Wave Analysis

Few days ago, the Us Dollar broke below the converging wedge formation and is still pretty much below the lower trendline. On this chart, we are expecting further momentum to the lowerside and could see price break and close below 101.00 or even lower. On this chart, if the price can pullback towards 103.691, then this will be a good place to consider a possible long term sell position expecting an break below 100.00. If you are already in a sell position, then keep this position open.

Trade Recommendations:

Remain short towards 100.00.

Bob Stan
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