USDJPY – Down
Wave Analysis:
During the previous trading day, the US Dollar rallied to the lowerside and is still showing signs off continuing to the lowerside. As it is right now, On this chart, sellers are in complete control and may see the price rally to the lowerside with the next ideal target set around 133.690 and may breakout to the lowerside. On this chart, a break and close below 132.686 will push the price much lower towards 130 or even lower. On the flipside, only a break and close above 138.223 will attract a possible buy position.
Trade Recommendations:
We’re sellers towards 132.989
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