05 September 2018, USD/JPY
Wave Analysis
The US Dollar is now in the processing of forming an expanding wedge formation. While the price is within this shape formation, we're waiting for a bounce from the upper trendline to pick a long term short position with an ultimate target along the lower trendline. If you're not in a short position now, you can still look for a long term short position now, or wait for a clear signal along the upper trendline, but should the price breakout above it, then this will be a good place to look for a long term long position towards 112.900.
Trade Recommendations:
Short the US Dollar now towards the lower trendline
101% Double the volume