We're buyers towards 118.90 | 03 November 2021
03 November 2021, USD/JPY
Wave Analysis:
After breaking above the upper trendline, the US Dollar is currently printing a flag formation. While the price remains above the upper trendline, we expecting a break above the previous month's highst high to signal the possibity that the price will continue to the upperside with an ideal target set 118.90 and may continue much higher towards 121.990. A breakout below the previous month's lowest low wil offer us the best place to consider a sell position.
Trade Recommendations:
We're buyers 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.
