Elliott waves analysis – We’re long towards 114.365

USDJPY – Down

We're long towards 114.365

Wave Analysis:

After a clear pullback towards 111.040, the US Dollar has now picked an upward momentum. As long as the price remains above 111.040, w expect a possible rally to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should break above 113.025 but should not go beyond 114.046. You can still look for log positions now, especially after pullbacks to the lower side. Your first target should be 114.360, and the next target at 118.045.

Trade Recommendation:

We’re long towards 114.365

101% Double the volume

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