USDJPY – Down
Wave Analysis
The US Dollar is currently within a range, not going above the upper trendline or below the lower trendline. As long as the price remains above the three moving averages shown above, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) and should see the price break above 148.90 and may likely extend much higher.
Trade Recommendations:
We’re buyers towards 148.90.
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