We're sellers towards 129.62. | 11 May 2023
11 May 2023, USD/JPY
Wave Analysis:
On this chart, we are looking for sell positions. We are basically watching for a possible long term sell positions with the next ideal target set at 129.62 and may see the price rally much lower. The next ideal target is set around 125. On the flipside, should the price break annnd close above 135.90, then this should be a good place to consider a possible long term buy position towards 137.74.
Trade Recommendations:
We're sellers towards 129.62.
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.
