We're buyers | 13 October 2021

13 October 2021, USD/JPY

We're buyers

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
Bob Stan
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