We're buyers towards the upper trendline. | 28 December 2021
28 December 2021, USD/JPY
Wave Analysis:
The US Dollar continues to rally within an expanding wedge formation. As it is right now, I expect nothing but a possible continuation towards the upper trendline and may se the price break beyond it. If the price should rebound from it, then this will be an ideal place to consider a possible low risk sell position towards the lower trendline. Otherwise, only buy positions are recommended.
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.
