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We're buyers for now towards the level 149.820.

We're buyers for now towards the level 149.820. | 22 November 2023

22 November 2023, USD/JPY

We're buyers for now towards the level 149.820.

The US Dollar is currently rallying with a bullish bias momentum, as it is right now, if the price can break and close above the immediate red zone, then this will be an ideal place to consider a possible long term buy position towards the next zone and may break and close even higher. On this chart, only a rebound from these red zones will attract a sell position, and if the price break below the blue zone and may likely continue much lower. The anticipated bullish price rally is the continuation of the last impulsive wave (c) annd may push the price much higher.

Trade Recommendations:

We're buyers for now towards the level 149.820.

Bob Stan
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