We're expecting further corrections towards 111.53. | 22 اكتوبر 2021
22 اكتوبر 2021, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar corrected itself to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. The anticipated bearish price rally is the continuation of the corrective wave (4) to the lowerside but should not go beyond 111.53 and should not break it. A rebound from 111.53 will attract a possible long term buy position with an ideal target set at 114.56 and should breakout much higher towards 118.61. The idea on this chart is to watch fr low risk sell positions.
Trade Recommendations:
We're expecting further corrections towards 111.53.
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.
