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We're buyers towards 118.90.

We're buyers towards 118.90. | 09 December 2021

09 December 2021, USD/JPY

Wave Analysis

After bouncing from 112.747-112.563, the US Dollar rallied to the upperside and is still showing signs of continuing to the upperside. On this chart, we are looking for a possible long term buy position expecting a break above the previous week's highest high towards 118.90 and may extend much higher. On the flipside, should the price break below the zone 112.747-112.563, then we may be loooking for a possible longg term sell position towards 110.640.

Trade Recommendations:

We're buyers towards 118.90.

Bob Stan
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