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Watch for a buy around 144.809 towards 160.90.

Watch for a buy around 144.809 towards 160.90. | 09 November 2022

09 November 2022, USD/JPY

Watch for a buy around 144.809 towards 160.90.

Wave Analysis

The US Dollar continues to rally to the lowerside but is still above the level 144.809. As long as the price does not break below this level,, we are waiting for a clear rebound from it to pick a possible long term buy position back towards the level 160.90 and may likely head much higher. The anticipated bullish price rally is the continuation of the last impulsive wave (5) and is headed towards 160.90 and could rally much higher.

Trade Recommendations:

Watch for a buy around 144.809 towards 160.90.

Bob Stan
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