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We're buyers towards 149.90.

We're buyers towards 149.90. | 06 September 2022

06 September 2022, USD/JPY

We're buyers towards 149.90.

Wave Analysis:

The US Dollar is currently in an active uptrend. As long as the price remains above the two moving averages, I expected nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) and will see the price break beyond 140 towards 145.89 or even higher. On this chart, only buy positions looks ideal and can safely be recommended.

Trade Recommendations:

We're buyers towards 149.90.

Bob Stan
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