29 October 2021, USD/JPY
Wave Analysis
During the previous trading day,. nothing much happened on this pair, we're still below the upper trendline but above the 50.0% fib level. As it is right now, we are expecting sellers to dominate this market, we basically expect the price to break and close below 50.0% fib level and may extend much lower. On the flipside, a break above 23.6% fib level will push the price much higher with the next ideal target set at 114.65.
Trade Recommendations:
We're sellers towards 50.0% fib level.
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