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We're temporarily on the sidelines.

We're temporarily on the sidelines. | 21 December 2021

21 December 2021, USD/JPY

We're temporarily on the sidelines.

Wave Analysis

We're strugling below the level 114.082. As long as the price remains below this line, we are on the sidelines, in case the price rebound from this line, 114.082, then we will be looking for a possible sell position towards the lower trendline. In case the price breaks above the level 114.082, then we'll be looking for a possible long term buy position with an ultimate target set around the upper trendline and may likely break higher.

Trade Recommendations:

We're temporarily on the sidelines.

Bob Stan
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