We're We're buyers towards 119.90 | 23 November 2021
23 November 2021, USD/JPY
Wave Analysis:
Yesterday, the US Dollar rallied to the upper side and is still showing signs of continuing much higher. On this chart basically, we are buyers expecting further momentum towards 118.90 and could continue even higher. If you are looking at this chart right now, expect buyers to be in control, we are expecting the last impulsive wave (v) to extend much higher with an ideal target set at 119.90. On the flipside, if the price breaks below the previous month's lowest low, then this may be a good place to consider a possible long term sell position with an ideal target set at 110.90.
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