Wave 4 takes USDJPY to 111.30 levels?

Rajesh Tatineni BSH Advisory

Yen getting strong against weak dollar, heading to 111.30

USD/JPY Technical Update: USD/JPY pair on H4 chart seems it completed wave 3 at 112.80 and also formed a double top which reversed already. A wave 4 will start from here to downside 111.30 from current price. A break below 111.30 will be an invalidation to the upside eave 5. Overall sell on rise is advised with a stop loss above 112.80

We look to Sell at 112.30
Stop: 113
Targets: 111.30

Author

Rajesh Tatineni

BSH Advisory

Expert in commodity and forex markets, Rajesh Tatineni carries a wide experience and vast knowledge of various financial instruments. He's been involved in financial markets since 2010.

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