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We're buyers towards 149.90.

We're buyers towards 149.90. | 07 October 2022

07 October 2022, USD/JPY

We're buyers towards 149.90.

Wave Analysis

The US Dollar continues to rally in an upward manner, on this chart, I am looking for a possible long term buy positions. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside will see the price continue much higher towards 149.90 and will likely extend much higher. On this chart, buyers are on the winning side and therefore only buy positions looks ideal.

Trade Recommendations:

We're buyers towards 149.90.

Bob Stan
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