We're sellers towards 61.8% fib level. | 28 اكتوبر 2021
28 اكتوبر 2021, USD/JPY
Wave Analysis
After bouncing off of the upper trendline, the US Dollar rallied 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 last impulsive wave (c) to the lowerside and should break below 113.40 with the next ideal target set and 50.0% fib level. Should the price break below this fib level, then we are straight to the sellers side with an ideal target set 112.65.
Trade Recommendations:
We're sellers towards 61.8% fib level.
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.
