We are sellers towards 114.45. | 08 March 2022

08 March 2022, USD/JPY

We are sellers towards 114.45.

Wave Analysis:

The US Dollar has been trading clearly within the upper and the lower trendline.The price is currectly in a corrective wave cycle four,we expect a rebound to the lower trendline from the upper trendline towards 114.45 or even much lower.On the flip side, should the price break above the uppper trendline clearly, then we will be looking for buy positions around 115.44 towards 116.05 or even much higher.

Trade Recccommendations:

We are sellers towards 114.45.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .