Elliott waves analysis – We’re buyers towards 148.90

USDJPY – Down

Wave Analysis:

During the previous trading day, the US Dollar continues to rally to the upperside and is still continuing to the upperside. As we said previously, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and may see the price break and close above 148.90 or even higher. On this charrt, only buy positions look’s ideal.
Trade Recommendations:
We’re buyers towards 148.90

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