We're temporarily on the sidelines. | 21 December 2021
21 December 2021, USD/JPY
Wave Analysis
We're strugling below the level 114.082. As long as the price remains below this line, we are on the sidelines, in case the price rebound from this line, 114.082, then we will be looking for a possible sell position towards the lower trendline. In case the price breaks above the level 114.082, then we'll be looking for a possible long term buy position with an ultimate target set around the upper trendline and may likely break higher.
Trade Recommendations:
We're temporarily on the sidelines.
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.
