Elliott waves analysis – We’re long towards 151.9

USDJPY – Down

Just as previously forecasted, the US Dollar rallied to the upperside and is still showing signs of contuing to the upperside. As it is right now, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally and is expected to continue much higher towards 151.89 and may extend much higher. On the flipside, should the price break and close below the lower trendline, then further momentum much lower is expected towards 146.9.

Trade Recommendations:

We’re long towards 151.9

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