Buy a rebound from 112.804 | 02 Diciembre 2021
02 Diciembre 2021, USD/JPY
Wave Analysis
The US Dollar continiues to rally to the lowerside but is currently approaching a significant 4 hour support level 112.804. As long as the price does not clearly break and close below this level, we are waiting for a rebound from it to pick a possible long term buy position towards 114.67 and may extend much higher. If the price breaks and closes below 112.804, then we'll be looking for a possible long term sell position towards 111.030.
Trade Recommednations:
A rebound from 112.804 will give us the best place to consider a possible long term buy position towards 114.90 and may breakout much higher.
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.
