Elliott waves analysis – Wait

USDJPY – Down

Wave Analysis

The US Dollar continues to rally above 138.229 and is not showing signs of pulling back to the lowerside, on this chart, a rebound from 138.229, will mean we are looking for low risk buy position towards 142.510 and may see the price rally much higher, On this chart, I am looking at nothing but a possible momentum to the upperside, on the flipside, if the price breaks and closes below 138.229, then we will be looking for sell positions.

Trade Recommendations:

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