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We're buyers towards 118.90

We're buyers towards 118.90 | 15 November 2021

15 November 2021, USD/JPY

Wave Analysis

The US Dollar is currently 60% bullish. During the previous trading day, the US Dollar rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, we expect nothing but a possible momentum to the upper side. This is the continuation of the last impulsive wave (5) to the upperside and should head straight towards 118.90 and may extend much higher towards 124.90 or even higher.

Trade Recommendations:

We're buyers towards 118.90

Bob Stan
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