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.
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.
