We are sellers towards 114.45. | 08 Marzo 2022
08 Marzo 2022, USD/JPY
Wave Analysis:
The US Dollar has been trading clearly within the upper and the lower trendline.The price is currectly in a corrective wave cycle four,we expect a rebound to the lower trendline from the upper trendline towards 114.45 or even much lower.On the flip side, should the price break above the uppper trendline clearly, then we will be looking for buy positions around 115.44 towards 116.05 or even much higher.
Trade Recccommendations:
We are sellers towards 114.45.
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.
