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We're buyers towards 149.90.

We're buyers towards 149.90. | 10 October 2022

10 October 2022, USD/JPY

We're buyers towards 149.90.

Wave Analysis

The US Dollar is currently consolidating in an upward manner. On this chart, as long as the price remains above the three moving averages, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and should see the price rally upwards with the next ideal target set around 149.90 and will continue much higher.

Trade Recommendations:

We're buyers towards 149.90.

Bob Stan
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