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Buy a rebound from 140.400 towards 144.90

Buy a rebound from 140.400 towards 144.90 | 11 November 2022

11 November 2022, USD/JPY

Buy a rebound from 140.400 towards 144.90

Wave Analysis

Yesterday, the US Dollar rallied with an intense bearish bias momentum and even went and closed below 144.809 but failed to break below 140.400, the latter is significant support level, and while the price does not clearly break and close below it, we choose to remain on the sidelines, we are waiting for a break below this level 140.400 to pick a sell or a rebound from it to pick a buy position.

Trade Recommendations:

Buy a rebound from 140.400 towards 144.90

Bob Stan
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