Wait | 30 November 2021
30 November 2021, USD/JPY
Wave Analysis
Yesterday, the US Dollar pulled back to the upperside but is yet to clearly close above the upper trendline. As it is right now, we are waiting for a break above the upper trendline to pick a possible buy position towards 115.89 and may extend much higher. On this chart, I recommend we keep looking for a possible long term buy position towards the level mentioned above. Otherwise, if the price breaks below the previous day's lowest low, then we may consider a possible sell.
Trade Recommendations:
Wait
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.
