We're waiting for sell positions from 138.230 towards 129.050. | 22 Agosto 2022
22 Agosto 2022, USD/JPY
Wave Analysis:
Just as previously forecasted, the corrective wave (b) continues to rally much higher. We're waiting for a rebound from 138.280, to pick a possible long term sell positions. If the price rebounds from this zone, then this will be a good place to consider a possible long term sell positions. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside towards 126.05 and may likely continue much lower. This view can only be invalidated in case the price breaks and close above 139 towards 140 or even higher.
Trade Recommendations:
We're waiting for sell positions from 138.230 towards 129.050.
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.
