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We're buyers towards 118.90 or even higher.

We're buyers towards 118.90 or even higher. | 01 November 2021

01 November 2021, USD/JPY

We're buyers towards 118.90 or even higher.

Wave Analysis

During the previous trading week, the US Dollar broke above the upper trendline and is still pretty much bullish. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upperside and should see the price rally much higher with the next ideal target set around 117 and may continue much higher.

Trade Recommendations:

We're buyers towards 118.90 or even higher.

Bob Stan
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