USDJPY – Down
Wave Analysis:
During the previous trading day, US Dollar attempted a breakout below 111.040 but ended up above it, while the price is contained above this level, we expect a possible momentum to the upperside. If you’re not already in a long position, you should be looking for a clear long position with your first take profit at 114.056, and the next at 118.20. However, should the price break below 111.040, then an acceleration towards the next level 108.398 is expected but should not go any lower.
Trade Recommendations:
We’re looking for a long position
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