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We're buyers towards 118.90 and may continue much higher.

We're buyers towards 118.90 and may continue much higher. | 07 December 2021

07 December 2021, USD/JPY

Wave Analysis

Yesterday, Euro bounced off from the level 112.742 and is currently heading to the upperside. As long as the price remains above this level, 112.742 and should continue to the upperside. As long as the price remains above this line, I recommend looking for long term buy positions. The is the continuation of an impulsive wave cycle and may see the price break above 115.980 and may continue much higher with the next ideal target set around 118.90.

Trade Recommendations:

We're buyers towards 118.90 and may continue much higher.

Bob Stan
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