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Conservative traders should wait and buy a break above 114.40 towards 118.90

Conservative traders should wait and buy a break above 114.40 towards 118.90 | 12 November 2021

12 November 2021, USD/JPY

Wave Analysis

Yesterday, the US Dollar moved slightly to the upperside and is still showing signs of continuing much higher. If you are on this chart right now, keep looking for long term buy positions expecting a break above 114.40 and may extend much higher. On this chart, buy positions looks ideal and can safely be recommended. Unless the price breaks below this week's recent lowest low, we are strictly buyers. Sell positions looks a but risky and may not be recommended.
Trade Recommendations:
Conservative traders should wait and buy a break above 114.40 towards 118.90
Bob Stan
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