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We are waiting for a low risk sell position towards 114.55.

We are waiting for a low risk sell position towards 114.55. | 02 February 2022

02 February 2022, USD/JPY

We are waiting for a low risk sell position towards 114.55.

Wave Analysis:

During the previous trading days, the US Dollar tried pulling up to the upper side and the price is curently ralling around 114.76 which is a key resistance level.As it is right now we are looking forward to a possible rally to the lower side and should break below 114.55 or even lower.If the price breaks above 114.76 then we expect to see further momentum to the upper side towards 115.15 or even higher towards 115.55.

Trade Reccommendations:

We are waiting for a low risk sell position towards 114.55.

Bob Stan
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