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We're sellers towards the lower trendline.

We're sellers towards the lower trendline. | 17 December 2021

17 December 2021, USD/JPY

We're sellers towards the lower trendline.

Wave Analysis

During the previous trading day, the US Dollar bounced off from the zone 114.082-113.933 and is currently heading to the lowerside. As long as the price remains below this zone, I expect nothing but a possible momentum much lower. On this chart, we expect nothingbbut sell orders only. The anticipated bearissh price rally is the continuation of the last impulsive wave (c) to the lowerside and should break below the lower trendline towards 111.080.

Trade Recommendations:

We're sellers towards the lower trendline.

Bob Stan
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