USDJPY – Down
Wave Analysis
During the previous trading day, the US Dollar continued to rally to the upperside but is still below the level 130.229. This is a key level and while the price does not break and close above it, we are waiting for a rebound from it to pick a possible long term sell position towards 132.545 and may push the price much lower. On this chart, we are strictly sellers but only if the price rebounds from the level 138.23.
Trade Recommendations:
We’re sellers from 138.229 towards 132.546
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
