08 December 2021, USD/JPY
Wave Analysis
Few hours ago, the US Dollar bounced off from the supportive zone 112.747-112.563 and is still pretty much bullish both on the daily and on the weekly charts. As long as the price sustains itself above this zone, we expect nothing but a possible momentum to the upperside and should see the price break and close above 115.440 and may extend much higher. And on the flipside, should the price break below 112.563, then we'll be looking for a possible long term sell position.
Trade Recommendations:
We're buyers towards 115.440.
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