We're looking for sell positions now towards 113.180. | 27 اكتوبر 2021
27 اكتوبر 2021, USD/JPY
Wave Analysis:
After an impulsive five wave cycle to the upperside, the US Dollar established a resistance level around 114.63. We expect the rebound from this level to mark an end to the impulsive five cycle, that the current momentum to the lowerside is the continuation of the corrective wave cycle and could see the price break and close below 113.180 or even lower. On this chart, at the moment, only sell positions looks ideal and can safely be recommended.
Trade Recommendations:
We're looking for sell positions now towards 113.180.
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.
