09 Desember 2021, USD/JPY
Wave Analysis
After bouncing from 112.747-112.563, the US Dollar rallied to the upperside and is still showing signs of continuing to the upperside. On this chart, we are looking for a possible long term buy position expecting a break above the previous week's highest high towards 118.90 and may extend much higher. On the flipside, should the price break below the zone 112.747-112.563, then we may be loooking for a possible longg term sell position towards 110.640.
Trade Recommendations:
We're buyers towards 118.90.