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We're buyers from 114.464 towards 115.65.

We're buyers from 114.464 towards 115.65. | 20 October 2021

20 October 2021, USD/JPY

We're buyers from 114.464 towards 115.65.

Wave Analysis:

The US Dollar continues to rally to the upper side and is still pretty much bullish both on the daily and on the weekly charts. While the price remains above 114.464, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and should break above 115.00 towards 116.60 or even higher. On the flipside, should the price break below 114.464, then this could be a good place to consider a possible long term sell position towards 113.724.
Trade Recommendations:
We're buyers from 114.464 towards 115.65.
Bob Stan
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