USDJPY – Down
Wave Analysis
During the previous trading day, the US Dollar bounced off from the level 133.820, headed straight to the upperside and is still showing signs of continuing much higher. On this chart, I am looking for nothing but a possible momentum to the upperside. We are buyers with our target set at 138.229 and may likely extend much higher. A rebound from 138.229 will mean we are looking for sell orders expecting a rally towards 133.820.
Trade Recommendations:
We’re waiting for a sell from around 138.229.
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