Hold onto buy positions towards the upper trendline. | 30 December 2021
30 December 2021, USD/JPY
Wave Analysis:
The US Dollar continues to move to the upperside and is not showing any signs of pulling back. As it is right now, we expect nothing but a possible momentum towards the upper trendline and may likely break above it. In case the price rebounds from the upper trendline, then this will be a good place to consider a possible long term sell position towards the lowerside and may head straigght towards the lower trendline.
Trade Recommendation:
Hold onto buy positions 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.
