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We're sellers towards 110.

We're sellers towards 110. | 06 October 2021

06 October 2021, USD/JPY

We're sellers towards the lower trendline.

Wave Analysis

The US Dollar is currently is rallying around 111.477. This is a significant level and while the price is within the two lines drawn above, we're expecting further momentum to the lowerside and may breakout below the lower trendline, however, should the price rebound from the lower trendline, then this will be a good place to consider a possible long term buy position and may end up breaking above 112.90 towards 114 or even higher.

Trade Recommendations:

We're sellers towards 110.

Bob Stan
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