USDJPY – Down
Wave Analysis
The US Dollar continues to consolidate, not giving us any signals. As we mentioned during the previous trading day, we are looking for a possible breakout above the level 137.870 to push the price to the lowerside towards 130.90 and will push the price much lower. On the flipside, should the price break and close above 142.896, then this will be a good place consider a possible long term buy position towards 146.
Trade Recommendations:
We’re flat for now
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