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We're buyers towards 149.090

We're buyers towards 149.090 | 12 October 2022

12 October 2022, USD/JPY

Wave Analysis

The US Dollar continues to rally to the upperside and is not showing signs of pulling back to the lowerside. As we said yesterday, we are expecting a possible extension of the last impulsive wave (5) to the upperside and should head straight towards 149.90 and may extend much higher. On this chart, only buy positions looks ideal and can safely be recommended unless the price ends up below 140. Otherwise, we are strictly buyers.
Trade Recommendations:
We're buyers towards 149.090
Bob Stan
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