We're still expecting further momentum to the lower trendline. | 20 December 2021
20 December 2021, USD/JPY
Wave Analysis
The previous day's candle closed as an indecision candle with a long tail at the bottom. As it is now, we are still expecting further momentum to the lowerside, however, we may likely see a possible correction to the upperside and should not go beyond 114.082. The way it is now, we are looking forward to a possible rally to the lowerside and should head straight towards the lower trendline and may likely break below it.
Trade Recommendations:
We're still expecting further momentum to the lower trendline.
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.
