We're expecting for a correction towards 112.020. | 14 اكتوبر 2021
14 اكتوبر 2021, USD/JPY
Wave Analysis:
During the previous trading day, the US Dollar rallied to the upperside but failed to breakout above 113.910, we expect the rebound from around this level to be an end to the impulsive wave (v), that any rally to the lowerside is the unfolding of a corrective wave count and should see price rally to the lowerside but should not go beyond 112.020. If the price breaks below this level, then we're still looking for long term sell position with the next ideal target set around 109.500.
Trade Recommendations:
We're expecting for a correction towards 112.020.
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.
