We're on the sidelines. | 28 December 2022
28 December 2022, USD/JPY
Wave Analysis:
During the previous trading day, the US Dollar rallied massively to the upperside and is still showing signs of continuing much higher. On this chart, we are expecting a possible rally much higher as long as the price remains above 133.736. As it is now, we are buyers towards 137.780, and may breakout much higher. On the flipside, a break and a close below 133.736, will push the price to the lowerside towards 131.750 and may breakout much lower. On this chart, stay on the sidelines.
Trade Recommendations:
We're on the sidelines.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
