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We're buyers from 139.382 towards 160.90.

We're buyers from 139.382 towards 160.90. | 16 November 2022

16 November 2022, USD/JPY

We're buyers from 139.382 towards 160.90.

Wave Analysis

During the previous day on the 15th, the US Dollar tried to break below the previous day's lowest low, but ended up above it. As long as the price does not break and close below 139.382, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave count and will see the price rally towards 115.98 and will continue much higher towards 160.

Trade Recommendations:

We're buyers from 139.382 towards 160.90.

Bob Stan
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