We're sellers temporarily towards 112.20 | 21 October 2021
21 October 2021, USD/JPY
Wave Analysis:
After an impulsive wave count which started few days ago, the US Dollar is currently in a correction mode. We expect the current bearish price rally to be the continuation of a corrective we count but should not go beyond 112.02. If you are look at this chart right now, we recommend you step out of any buy positions expecting a correction towards 112.03 where we expect a rebound from. A break above the previous day's highest high may mean we are now continue much higher towards 118.00 and may extend even higher.
Trade Recommendations:
We're sellers temporarily towards 112.20
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.
