We're buyers towards the upper trendline. | 24 December 2021
24 December 2021, USD/JPY
Wave Analysis:
Yesterday, the US Dollar rallied to the upperside and is still showing signs of continuing much higher. As it is right now, I expect nothing but a possible momentum further to the upperside towards the upper trendline. On the flipside, if the price break below the lower trendline, then we may likely see sellers take full control with an ultimate target set at 110.35. In case the price breaks below this target then further rally much lower is expected.
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.
