We're sellers towards 110. | 06 اكتوبر 2021
06 اكتوبر 2021, USD/JPY
Wave Analysis
The US Dollar is currently is rallying around 111.477. This is a significant level and while the price is within the two lines drawn above, we're expecting further momentum to the lowerside and may breakout below the lower trendline, however, should the price rebound from the lower trendline, then this will be a good place to consider a possible long term buy position and may end up breaking above 112.90 towards 114 or even higher.
Trade Recommendations:
We're sellers towards 110.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
