We're buyers towards the upper trendline. | 23 December 2021
23 December 2021, USD/JPY
Wave Analysis
Previously, we were expecting a correction towards the lower trendline. As long as the price remains above the lower trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally should be an extension of the last impulsivve wave (5) to the upperside and should break above the upper trendline towards 118.90 towarrds 120.90 or even higher. Only a break below the lower trendline will push the price downwards.
Trade Recommendations:
We're buyers towards the upper 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.
