USDJPY – Down
The US Dollar
Wave Analysis:
The Us Dollar is currently in an active up trend. We’re basically waiting for a break above 113.741 to confirm a possible rally to the upperside with an ultimate target at 114.00. If this target is broken, then further momentum to the upperside is expected with an ultimate target at 118.00. According to the 4 hour chart attached, only a buy position looks ideal and can safely be recommended with an ultimate target at 118.00. This pair is bullish on the weekly and monthly charts and chances of continuing upwards is expected.
Trade Recommendations:
we’re long
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