We are sellers towards 114.60. | 04 March 2022

04 March 2022, USD/JPY

Wave Analysis:

Previously this pair was on a downtrend, the current upward momentum is a correction of the previous impulsive wave count five.During the previous trading hours,the price tried breaking above the resistance zone (115.76-115.71) but it ended up closing below it.We expect a futher bearish momentum towards 114.60 or even much higher.

Trade Reccommendations:

We are sellers towards 114.60.

Bob Stan
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