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We're sellers towards 129.535.

We're sellers towards 129.535. | 21 December 2022

21 December 2022, USD/JPY

We're sellers towards 129.535.

Wave Analysis:

Yesterday, the US Dollar rallied to the lowerside and is still showing signs of continuing to the lowerside. On this chart, we expect a possible extension of the last impulsive wave (v) and may see the price rally towards 130.941 and may continue much lower towards 129.535 and may extend much lower towards 100.00 or even lower. On this chart, are strictly sellers for now. Buy positions may only be recommended in case the price breaks and closes above 133.739.
Trade Recommendations:
We're sellers towards 129.535.
Bob Stan
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