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Remain long towards 149.90.

Remain long towards 149.90. | 13 October 2022

13 October 2022, USD/JPY

Remain long towards 149.90.

Wave Analysis

Yesterday, the US Dollar rallied to the upperside and is still showing signs of continuing much higher. On this chart, I am looking at the possibility that the price may rally much higher with the next ideal target sett around 149.09 and may likely head much higher. At this point, only buy positions looks ideal unless the price breaks and closes below the previous day's lowest low.

Trade Recommendations:

Remain long towars 149.90.

Bob Stan
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