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We're buyers towards 118.90.

We're buyers towards 118.90. | 13 December 2021

13 December 2021, USD/JPY

We're buyers towards 118.90.

Wave Analysis

On this chart, we are yet to see any clear moves to the upperside and previous anticipated, on this chart, I expect nothing but a possible long term buy position with an ideal target set around 115.90 and may extend much higher. On this chart, I am looking for a possible rally much higher and should see the price extend much higher. The anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upperside and should extend much higher towards 118.

Trade Recommendations:

We're buyers towards 118.90.

Bob Stan
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