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We're buyers for now. | 13 March 2023

13 March 2023, USD/JPY

Wave Analysis:

During the prevuous trading day on Friday, the US Dollar pulled back to the lowerside but is still below 137.90. If the price can break and close above this level, then this will be a good place to consider a possible long term buy position towards 139.90 and may rally much higher. On the flipside, only a break and close below 136.10 may attract a possible long term sell position towards 133.83.

Trade Recommendations:

We're buyers for now.

Bob Stan
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