We're on the sidelines for now. | 23 سبتمبر 2022
23 سبتمبر 2022, USD/JPY
Wave Analysis:
Just as previously expected, the US Dollar rallied to the lowerside but failed to sustain itself below the 52 period moving average. This is a sign that the buyers could still be in control. As long as the price remains above this zone, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and may see the price break and close above 148.90 or even higher.
Trade Recommendations:
We're on the sidelines for now.
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.
