We're buyers towards 149.90. | 17 October 2022
17 October 2022, USD/JPY
Wave Analysis:
The US Dollar continues to the rally to the upperside and is not showing signs of pulling back to the lowerside. On this chart, we are expecting a possible extension of last impulsive wave (5) to the upperside and should see the price rally to the upperside towards 149.90 and may likely head much higher. On this chart, keep looking for low risk buy positions.
Trade Recommendations:
We're buyers towards 149.90.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
