We're on the sidelines.

24 November 2022, USD/JPY

Wave Analysis:

During the previous trading day, the US Dollar attempted a break above the upper trendline but ended up closing below it. As it is right now, I expect nothing but a possible break and a close below the level 137.870 to push the price to the lowerside towards 136.865 and will likely extend much lower. On this chart, a break and a close above 141.890 will push the price much higher towarrds 145.910 and may rally much higher.

Trade Recommendations:

We're on the sidelines.

Graham Osano
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