Look for sell positions towards 121.90 | 24 Januari 2023
24 Januari 2023, USD/JPY
Wave Analysis:
USDJPY is currently heading to the lowerside. As long as the price remains below 131.410, we expect nothing but a possible momentum to the lowerside. The anticipated bearish pricce raly is an extension of the last impulsive wave and will see the price rally towards 125.000 and may rally much lower. On this chart, we keep looking for long terrm sell orders towards 121 or even lower. As it is now, buy positions looks abit risky and may not be recommmnded.
Trade Recommendations:
Look for sell positions towards 121.90
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.
