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We're sellers towards 125.610.

We're sellers towards 125.610. | 21 November 2022

21 November 2022, USD/JPY

We're sellers towards 125.610.

Wave Analysis

During the previous trading day, the US Dollar rallied to the lowerside and is still showing signs of continuing to the lowerside. As long as the price remains below 142.547, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside and will see the price rally towards 125.619 and may rally much lower.

Trade Recommendations:

We're sellers towards 125.610.

Bob Stan
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