We're buyers towards 114.99 and may continue even higher. | 12 October 2021
12 October 2021, USD/JPY
Wave Analysis
Yesterday, the impulsive wave (v) continued significantly to the upperside and is still pretty much bullish both on the daily and on the weekly charts, if you are looking at tis chart right now, we are waiting for a slight pullback to the lowerside to pick a low risk buy position towards 114.90 and may continue much higher. The ideal here will be to watch for a slight correction of the current impulsive wave count to pick a low risk buy position.
Trade Recommendations:
We're buyers towards 114.99 and may continue even higher.
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.
