We're buyers towards the upper trendline. | 27 December 2021
27 December 2021, USD/JPY
Wave Analysis
The USD Dollar is still rallying within the expanding wedge formation. As it is right now, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and may see the price break above the upper trendline. If this is the case, then a rally much higher is expected. On the flipside, a break below the lower trendline may attract a possible sell towards 110.95.
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.
