We are sellers towards 113.75. | 03 Februari 2022
03 Februari 2022, USD/JPY
Wave Analysis:
The US Dollar is currently on a downtrend, as it is right now the price is on the upper trendline in a correction move cycle, We expect a rebound from the upper trendline towards the lower side around 113.75, to complete the impulsive wave count five, however should the price break and close above the upper trendline, this would be a good place to look for buy positions, but as of now we are sellers.
Trade Recommendations:
We are sellers towards 113.75.
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.
