02 Tháng mười hai 2020, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar rallied to the upperside but is still several pips below the upper trendline, on this chart, we are expecting a possible rally towards this trendline to pick a possible long term sell position. The anticipated bearish price rally is the continuation of an impulsive wave count and could see price break below the lower trendline with the next ideal target set around 102.605. If the price breaks below this level, then further momentum to the lowerside is expected.
Trade Recommendations;
Wait for a sell from the upper trendline.