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We're buyers towards 114.90.

We're buyers towards 114.90. | 18 October 2021

18 October 2021, USD/JPY

We're buyers towards 114.90.

Wave Analysis

After a breakout above the upper trendline, the last impulsive wave (v) continued massively to the upperside and is still showing signs off rally much higher. If the price pullsback to the lowerside towards 111.500, then this could be a good place consider a possible long term buy position towards 114.00 and may extend much higher. At the moment, only buy positions looks ideal and can be recommended, however, sell positions must be taken with alot caution.

Trade Recommendations:

We're buyers towards 114.90.

Bob Stan
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