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We're buyers towards 118.90

We're buyers towards 118.90 | 17 November 2021

17 November 2021, USD/JPY

We're buyers towards 118.90

Wave Analysis:

During the previous trading day, the US dollar continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. Following the break above the flag formation, wee expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last iompulsive wave (v) to the upperside and could see the price break and close above 115.511 and may continue much higher towards 118.90.
Trade Recommendations:
We're buyers towards 118.90
Bob Stan
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