We're buyers towards the upper trendline. | 28 Desember 2021
28 Desember 2021, USD/JPY
Wave Analysis:
The US Dollar continues to rally within an expanding wedge formation. As it is right now, I expect nothing but a possible continuation towards the upper trendline and may se the price break beyond it. If the price should rebound from it, then this will be an ideal place to consider a possible low risk sell position towards the lower trendline. Otherwise, only buy positions are recommended.
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