We're buyers towards 118.90 | 19 November 2021
19 November 2021, USD/JPY
Wave Analysis:
The Us Dollar previously rallied to the upperside and is still showing signs of continuing to the upperside, if you are looking at this chart now, expect a possible rally much higher and could see the price continue towards 117.78 or even higher. As it is right now, only buy positions looks ideal and can safely be recommended. However, in case the price breaks below the wedge formation, then we will be looking for a possible rally much lower towards 110.90 or even lower. On this chart, keep looking for buy orders for now.
Trade Recommendations:
We're buyers towards 118.90
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.
