We're buyers towards 135.413 | 16 August 2022

16 August 2022, USD/JPY

Wave Analysis:

The US Dollar is currently within a range 132.365-135.413. As long as the price does not clearly break out of this range, we are waiting for a possible continuation of the last impulsive wave (c) to the upperside and may see the price break above 135.413 towards 137.344 or even higher. On this chart, only buy positions looks ideal and can safely be recommended.
Trade Recommendations:
We're buyers towards 135.413
Bob Stan
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