30 December 2021, USD/JPY
Wave Analysis:
The US Dollar continues to move to the upperside and is not showing any signs of pulling back. As it is right now, we expect nothing but a possible momentum towards the upper trendline and may likely break above it. In case the price rebounds from the upper trendline, then this will be a good place to consider a possible long term sell position towards the lowerside and may head straigght towards the lower trendline.
Trade Recommendation:
Hold onto buy positions towards the upper trendline.