We're buyers | 13 Oktober 2021
13 Oktober 2021, USD/JPY
Wave Analysis:
Yesterday, the US Dollar rallied slightly to the lowerside but ended up closing as bullish continuation candle. As long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upperside and should head straight to the upperside and should head straight towards 114.90 and may extend much higher. On this chart, only buy positions looks ideal and can safely be recommended unless the price clearly break and close below the previous week's lowest low.
Trade Recommendations:
We're buyers
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.
