We're waiting to buy a break above the previous week's highest high. | 06 Octubre 2022
06 Octubre 2022, USD/JPY
Wave Analysis:
The US Dollar is stilll strugling around the previous month's highest high. On this chart, we expect a possible extension of the last impulsive wave (5) to the upperside and should see the price rally much higher towards 149.90 and may likely continue much higher. On this chart, if the price bounces off from the previous month's highest high, then this will be a good place to consider a possible sell retracement.
Trade Recommendations:
We're waiting to buy a break above the previous week's highest high.
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.
