USDJPY – Down
Wave Analysis:
During the previous week, after breaking above the upper trendline, the US Dollar pulled back to the same level and is now heading to the upperside. As long as the price is contained above this level, we expect nothing but a possible momentum to the upperside. As it is on the 4 hour chart, we’re waiting for the corrective wave iv to extend to the lowerside and should not break below 111.65 where we’ll be looking to buy the last impulsive wave v to the upperside with an ultimate target at 113.45.
Trade Recommendations:
Waiting to rebuy euro around 111.65.
101% Double the volume
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