we're sellers for now towards 138.420. | 19 سبتمبر 2022
19 سبتمبر 2022, USD/JPY
Wave Analysis:
After reaching the highs of 144.100, the US Dollar is still struggling below the level 144.600. This is a significant level and while the price does not clearly break and close above it, I am waiting for a rebound from it to pick a possible long term sell position. A break and close above it will mean we're continuing to the upperside with the last impulsive wave (5) towards 148.90 and will likely continue higher, while a rally to the lowerside is the unfolding of a corrective wave count and will see the price continue towards 138.400.
Trade Recommendations:
we're sellers for now towards 138.420.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
