We're buyers towards 118.90

26 November 2021, USD/JPY

We're buyers towards 118.90

Wave Analysis:

During the previous trading day, the US Dollar continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As we mentioned previously, we expect nothing but a possible rally much higher towards 118.89 and may continue much higher. Sell positions on this chart looks a bit risky and may not be recommended unless the price breaks and closes below the level 113.810 towards 112.570.

Trade Recommendations:

We're buyers towards 118.90

Graham Osano
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