We're sellers towards 128.90 | 25 Agosto 2022
25 Agosto 2022, USD/JPY
Wave Analysis:
Following the end of the corrective wave (b) slightly below the last impulsive wave (5), the next impulsive wave (c) is now showing signs of accelerating to the lowerside. As it is right now, I am expecting nothing but a possible momentum much lower. On this chart, I am looking for nothing but a possible momentum to the lowerside. The idea here is to keep looking for long term sell positions. Expecting the price to break beyond 120.90 and may likely head much lower.
Trade Recommendations:
We're sellers towards 128.90
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.
