RSS USDJPY: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24

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 RSS USDJPY: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24

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Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 161.75 with a target of 138.00 – 131.40. A sell signal: if the price holds below 161.75. Stop Loss: above 162.10, Take Profit: 138.00 – 131.40. Alternative scenario: Breakout and consolidation above the level of 161.75 will allow the pair to continue rising to the levels of 170.00 – 175.00. A buy signal: the level of 161.75 is broken to the upside. Stop Loss: below 161.40, Take Profit: 170.00 – 175.00. Main Scenario Consider short positions below the level of 161.75 with a target of... Read full author’s opinion and review in blog of #LiteFinance
 
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