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Wait | 24 August 2022

24 August 2022, USD/JPY

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Wave Analysis:

After the end of the last impulsive wave v around 139.463, the US Dollar pulled back to the lowerside and is now below the same level, we expected a possible extension of the corrective three wave cycle towards 125.750 however, this did not happen, instead the price pulled back to the upperside but is still below the end of previous impulsive five wave cycle. On this chart, unless the price breaks and closes above the level 139.463, we are on the sidelines.
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Bob Stan
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