USDJPY – Down
Wave Analysis:
The US Dollar is currently in a corrective mode, following the break below the two moving averages shown above, the price is now showing signs of continuing much lower. On this chart, sell positions looks ideal and can safely be recommended with an ideal target set at 130.988 and may likely break to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and may break below the said target with the next target set at 126.160 and could extend much lower.
Trade Recommendations:
We’re sellers towards 130.988.
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