Elliott waves analysis – We’re sellers towards 130.94

USDJPY – Down

Wave Analysis:

The US Dollar is currently rallying in a bearish bias momentum. As it is right now, we are looking for nothing but a possible momentum to the lowerside, we expect nothing but a possible rally towards 130.94 and may continue much lower towards 120 and may continue even lower. On the flipside, should the price break and close above 133.738, then this will be a good place to consider a possible buy position towards 142.90.
Trade Recommendations:
We’re sellers towards 130.94

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