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We're buyers towards 144.90.

We're buyers towards 144.90. | 02 September 2022

02 September 2022, USD/JPY

We're buyers towards 144.90.

Wave Analysis

The US Dollar is currently headed to the upperside. As it is right now, I expect nothing but a possible long term buy position expecting a possible rally towards 140 and may likely extend much higher. As it is right now, buying the last impulsive wave (5) towards 144 is ideal. Otherwise, if the price breaks below 130.964, then this will a good place to consider a possible long term sell position with the next ideal target set at 137.522.

Trade Recommendations:

We're buyers towards 144.90.

Bob Stan
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