USDJPY – Down
Wave Analysis
According to the daily chart attached, the US Dollar is in an active up trend, the idea here is to keep looking for low risk buy positions expecting a rally towards 149.0 and could continue much higher. On the flipside, should the price break below the lower red line, then this could be a good place to consider as an onset to a corrective wave count and should see the price rally towards 131.240.
Trade Recommendations:
We’re buyers towards 149.90.
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