We're waiting for a break above 135.413 and may continue much higher towards 137.344. | 18 Agustus 2022

18 Agustus 2022, USD/JPY

We're waiting for a break above 135.413 and may continue much higher towards 137.344.

Wave Analysis:

Just as previously forecasted, the US Dollar rallied to the upperside and is still showing signs of continuing much higher. On this chart, I recommend looking for low risk buy positions expecting a continuation of the last impulsive wave (c) to the upperside and may likely extend price towards 137.344 and could breakout much higher. On this chart, we're looking for buy positions only.
Trade Recommendations:
We're waiting for a break above 135.413 and may continue much higher towards 137.344.
Bob Stan
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