Elliott waves analysis – Wait

USDJPY – Down

Wave Analysis

Yesterday, nothing much happened on the US Dollar, as it is right now, we’re expecting a break above the Monday’s highest high to pick a possible long term buy position towards 149.392 and may likely break and close above it. On the flipside, should the price break and close below 147.292, then further momentum to the lowerside is expected with an ideal target set around 146.256.

Trade Recommendations:

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