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Elliott waves analysis – We are sellers towards 114.60.

Started by forex4you, Mar 04, 2022, 10:28 am

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forex4you

Mar 04, 2022, 10:28 am
Elliott waves analysis - We are sellers towards 114.60.

USDJPY – Down


Wave Analysis:


Previously this pair was on a downtrend, the current upward momentum is a correction of the previous impulsive wave count five.During the previous trading hours,the price tried breaking above the resistance zone (115.76-115.71) but it ended up closing below it.We expect a futher bearish momentum towards 114.60 or even much higher.


Trade Reccommendations:


We are sellers towards 114.60.



You may check other analytical reviews on FreshForex website. Source: freshforex.com.


Source: Elliott waves analysis - We are sellers towards 114.60.

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