USDJPY – Down
Wave Analysis
The US Dollar continues to rally within a range, not going above the upper trendline or below the lower trendline. We’re waiting for a clear breakout above 144.610 and may push the price much higher towards 148.90 and will likely extend much higher. On this chart, only buy positions looks ideal and can safely be recommended. On this chart, we are strictly buyers. Unless the price breaks below the lower 52 period moving average, we are buyers.
Trade Recommendations:
We’re buyers towards 148.90.
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