USDJPY – Down
Wave Analysis:
During the previous trading day, the US Dollar rallied to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, I expect nothing but a possible momentum to the upperside. The anticiipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and wiill see the price break above 138.78 towards 140.90 and will likely continue to the upperside.
Trade Recommendations:
Wait and buy a break above 138.78 towards 140.90.
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