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Wait for a break above 147.846 to pick a buy position.

Wait for a break above 147.846 to pick a buy position. | 18 September 2023

18 September 2023, USD/JPY

Wait for a break above 147.846 to pick a buy position.

Wave Analysis

During the previous trading day on Friday, the US Dollar rallied to the upperside and is still showing signs of continuing to the upperside. As it is right now, I am waiting for a break and close above 147.846 and may likely continue to the upperside on this chart, I am looking at nothing but a possible rally upwards and may see rally towards 148.90 towards 150.00 or even higher. A rebound from 147.846 and may rally to the lowerside.

Trade Recommendations:

Wait for a break above 147.846 to pick a buy position.

Bob Stan
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