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Wait | 04 October 2021

04 October 2021, USD/JPY

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Wave Analysis

During the previous trading week, the US Dollar rallied to the upperside but failed to breakout above the zone 112.246-111.599. If the price can breakout above this zone, then further momentum to the upperside is expected. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upper side and should breakout above 114.735 and may continue much higher. And as long as the price remains below the zone marked above, we're sellers.

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Bob Stan
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