Wait | 11 Agustus 2022
11 Agustus 2022, USD/JPY
Wave Analysis:
The US Dollar continues to rally to the lower side but is still in an active uptrend on the weekly chart, we expect the current bearish price rally to be a corrective wave count and may see the price break and close below the previous day's lowest low, but should not go beyond the previous month's lowest low. As it is right now, we are waiting for possible low risk buy positions with an ideal target set at 140.0 and may likely continue much higher.
Trade Recommendations:
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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.
