We're buyers towards 149.090 | 12 October 2022
12 October 2022, USD/JPY
Wave Analysis
The US Dollar continues to rally to the upperside and is not showing signs of pulling back to the lowerside. As we said yesterday, we are expecting a possible extension of the last impulsive wave (5) to the upperside and should head straight towards 149.90 and may extend much higher. On this chart, only buy positions looks ideal and can safely be recommended unless the price ends up below 140. Otherwise, we are strictly buyers.
Trade Recommendations:
We're buyers towards 149.090
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.
