We're temporarily sellers | 02 November 2021
02 November 2021, USD/JPY
Wave Analysis
Yesterday, the US Dollar pulled back to the lowerside but is still pretty much bullish both on the daily and on the weekly charts. If you are looking at this chart, expect the current bearish price rally to be a just a correction but should not go beyond the immediate lower trendline. If this is broken, then further momentum much lower is expected. On the flipside, a break above the previous month's highest high will mean we are continuing much higher. On this chart, if you are not on the sidelines, look for low risk sell positions.
Trade Recommendations:
We're temporarily sellers
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.
