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We're buyers towards 160.09.

We're buyers towards 160.09. | 07 November 2022

07 November 2022, USD/JPY

We're buyers towards 160.09.

Wave Analysis

During the previous trading day, the US Dollar continued to rally above 144.89 and is not showing any signs of pulling back any lower. As long as the price remains above this level, we will be looking for a possible long term buy position towards 150.89 and will accelerate much higher. The anticipated bullish price rally is the continuation of the last impulsive wave cycle and will see the price rally towards 160.

Trade Recommendations.

We're buyers towards 160.09.

Bob Stan
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