We're buyers towards 140. | 29 Agosto 2022
29 Agosto 2022, USD/JPY
Wave Analysis:
During the previous trading weeks, we saw the US Dollar pullback to the lowerside and broke below 23.6 % fib level but could not reach 38.22% fib level. On this chart, we are in a bullish trend, however, we need to see a clear end of a retracement especially around 50.0% fib level to pick a possible long term buy position. The anticipated bullish price rally is the continuation of the lat impulsive wave v and should see the price go straight towards 140.80 or even higher.
Trade Recommendations:
We're buyers towards 140.
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.
