USDJPY – Down
Wave Analysis:
During the previous trading day, the US Dollar remained within the range, not going above the upper trendline or below the lower trendline. As it is right now, I am waiting for a clear breakout above the upper trendline to pick a possible long term buy position. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and may see the price continue much higher towards 148.90 and will continue much higher.
Trade Recommendations:
We’re buyers towards 148.90.
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