We're sellers towards 110.90 | 10 November 2021
10 November 2021, USD/JPY
Wave Analysis:
Yesterday, the US Dollar rallied to the lowerside and is still showing signs of continuing much lower. As long as the price remains below the previous day's highest high, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and should see the price break below the previous day's lowest low towards 110.90 or even lower. On the upperside, a breakout above the previous day's highest high will push the price much higher towards 118.90 and may extend much higher .
Trade Recommendations:
We're sellers towards 110.90
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.
