USDJPY – Down
Wave Analysis
On the 1 hour chart attached, the US Dollar is approaching a significant resistance level 148.293, this is a good level and while the price does not close above it, we are waiting for a rebound from it to pick a possible long term sell position back towards 147.292, if this level is broken, then further momentum to the lowerside is expected towards 146.259, if this level is broken, then further momentum much lower is expected.
Trade Recommendations:
We’re watching for asell from 148.293.
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