Flat for now | 17 Noviembre 2022
17 Noviembre 2022, USD/JPY
Wave Analysis
The US Dollar is currently rallying within a converging wedge formation. As long as the price does not break out of this shape, we are on the sidelines, we are expecting a possible break below 138.610 to push the price to the lowerside with the next ideal target set around 136.820 and may push the price much lower. On the flipside, only a break above 140.645 will push us back to the upperside towards 144.420.
Trade Recommendations:
Flat 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.
