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We're buyers for now | 13 November 2023

13 November 2023, USD/JPY

We're buyers for now

The US Dollar is currently rallying with a bullish bias momentum. As it is right now, we are looking forward to a possible bullish extension towatrds 160 and maya break and close above that level towards 170 or even higher. If this perspective is invalidated, then we may see a rebound from around 151.615 with the next ideal target set along the lower trendline and will push the price much lower. As it is right now, buyers appears to have an upper hand towards 160.

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We're buyers for now

Bob Stan
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