Wait and buy a break above 116.43 towards 118.90. | 04 يناير 2022
04 يناير 2022, USD/JPY
Wave Analysis
After bouncing off from the lower trendline, the impulsive wave (5) continued to the upperside and is now approaching a resistance level 116.43 and may continue much higher. On this chart, buyers have full control and when the price breaks above the level 116.43, I expect nothing but a possible buy. A rebound from the level 116.43, then this will be a good place to consider a possible long term sell position towards the lower trendline.
Trade Recommendations:
Wait and buy a break above 116.43 towards 118.90.
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.
