21 December 2020, USD/JPY
Wave Analysis
Despite the bullish gap seen earlier today, the US Dollar is still in an active down trend. While the price remains below the Alligator indicator, we expect nothing but a possible momentum to the lower side. The expected bearish price rally is the continuation of the impulsive wave (v) to the lower side and should breakout beyond 102.530 towards 100.00 or even lower. as it is now, buy positions looks a bit riskier and may not be recommended. But if the price break above the upper trend line then a rally upwards may be expected.
Trade Recommendations:
Remain short towards 102.530.
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