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We're on the sidelines for now.

We're on the sidelines for now. | 01 November 2022

01 November 2022, USD/JPY

Wave Analysis

During the previous trading day, we saw a surge to the upper side, however, the US Dollar remained below the level 149.392, this is a key level and while the price does not clearly break and close above, we will be expecting a sell from the same level. As it is right now, expect a surge towards 149.393. On the flipside, should the price break and close below 148.293, then this will be a good place to consider a sell from.

Trade Recommendations:

We're on the sidelines for now.

Bob Stan
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