Elliott waves analysis – Wait.

USDJPY – Down

Wave Analysis

During the previous trading day, the US Dollar rallied to the lowerside and even atttempted to break below the level 139.382. This is a key level, and while the price remains around it, we can’t rule out the posibility that the price may move back upwards towards 152.78. If the price breaks below 139.382, then further momentum to the lowerside is expected with the next ideal target set around 130.300 and will move much lower.

Trade Recommendations:

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