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Wait and buy a break above 150.153

Wait and buy a break above 150.153 | 13 October 2023

13 October 2023, USD/JPY

\Wave Analysis

The US Dollar continues to rally to the upperside and is now above 147.365, as it is right now, we are looking forward to a possible long term buy positions with the next ideal target set around 155.90 and may likely extend much higher. On this chart, buyers are in complete control should the price go beyond 150.153, if this is the case, then further momentum to the upperside is expected with an ultimate target fixed around 160. But on the flipside, should the price fail to break above it, then we will be looking for sell orders.

Trade Recommendations:

Wait and buy a break above 150.153

Bob Stan
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