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We're on the sidelines.

We're on the sidelines. | 28 October 2022

28 October 2022, USD/JPY

We're on the sidelines.

Wave Analysis

During the previous trading day, the US Dollar rallied to the lowerside but is still above 145.023. This is a key level and while the price does not clear breakout and close below it, we are waitinng for a rebound from it to pick a possible long term buy position. On this chart, buyers are in complete control, unless the price breaks and closes below 139.920, if this is the case, then further momentum to the lowerside is expected.

Trade Recommendations:

We're on the sidelines.

Bob Stan
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