USDJPY – Down
Wave Analysis
During the previous trading day, the US Dollar continued to rally to the lowerside and is not showing any signs of pulling back to the upperside. On this chart, we are strictly sellers, we expect nothing but a possible long term sell position. The anticipated bearish price rally is an extension of the last impulsiive wave (5) and may see the price crush towards 132.490 or even lower. On this chart, sellers are in full control.
Trade Recommendations:
We’re sellers.
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