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We're sellers towards 130.90.

We're sellers towards 130.90. | 20 December 2022

20 December 2022, USD/JPY

Wave Analysis:

During the previous trading day, the US Dollar rallied to the lowerside and is still showing signs of continuing to the lowerside. As it is right now, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and should see the price rally much lower towards 130.00 or even lower. On this chart, keep looking for low risk sell positions.
Trade Recommendations:
We're sellers towards 130.90.
Bob Stan
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