Elliott waves analysis – We’re buyers towards 149.90.

USDJPY – Down

Wave Analysis

The US Dollar continues to rally to upperside and is not showing any signs of pullbacks. On this chart, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the last impulsive wave (5) and may see the price rally towards 149.0 and will continue much higher. On this chart, keep looking for long term buy positions.

Trade Recommendations:

We’re buyers towards 149.90.

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