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Expect a possible long term buy position towards the upper trendline.

Expect a possible long term buy position towards the upper trendline. | 22 December 2021

22 December 2021, USD/JPY

Expect a possible long term buy position towards the upper trendline. Wave Analysis

The US Dollar is currently within a range, rallying within the expanding wedge formation. On this chart, as long as the price remains within this shape formation, I am waiting for a rebound from the lower trendline to pick a buy position and a rebound from the upper trendline to pock a possible sell position. And in case the price breaks bellow the lower trendline, then further momentum much lower is expected.
Trade Recommendations:
Expect a possible long term buy position towards the upper trendline.
Bob Stan
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