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
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus