We're waiting to buy a rebound from 127.400. | 19 January 2023
19 January 2023, USD/JPY
Wave Analysis:
During the previous trading day, the US Dollar rallied to the upperside, tried breaking above 130.94 and may see the price rally to the lowerside towards 127.400 and may break to the lowerside towards 120.00 and may push the price much lower. On this chart, if the price rebounds from 127.400, then this will be a good place to consider a possible long term buy position towards 130.94 and may rally much higher.
Trade Recommendations:
We're waiting to buy a rebound from 127.400.
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.
