USDJPY – Down
Wave Analysis
During the previous trading day, the US Dollar attempted a break and close below 138.328 but could not sustain itself below this level, on this chart, I am looking at nothing but a possible momentum to the upper side as long as the price remains above 138.229, On this chart, we are buyers towards 142.510 and may likely extend much higher. On the flipside, should the price break again and close below 138.229, then we will be extending short with the last impulsive wave (5) towards 136.630.
Trade Recommendations:
We’re buyers for now towards 142.510.
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