USDJPY – Down
Wave Analysis
The US Dollar is currently rallying within a converging wedge formation. As long as the price does not break out of this shape, we are on the sidelines, we are expecting a possible break below 138.610 to push the price to the lowerside with the next ideal target set around 136.820 and may push the price much lower. On the flipside, only a break above 140.645 will push us back to the upperside towards 144.420.
Trade Recommendations:
Flat for now
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
