USDJPY – Down
Wave Analysis
During the previous trading day, nothing much happened on USDJPY, the price rallied to the lowerside but failed to break below 138.229-138.016 and should not break below this zone. As long as the price does not break below this zone, this will be a good place to consider a possible long term buy position towards 140.090 and may breakout much higher. On the flipside, should the price break below 138.016, then this will be a good place to consider a possible buy position.
Trade Recommendations:
We’re looking for a buy from 138.229 toward 140.090.
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