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Wait for buy orders.

Wait for buy orders. | 19 May 2021

19 May 2021, USD/JPY

As long as the price is above the upper trendline keep looking for long term buy positions towards 118.018

Wave Analysis
The US Dollar continues to rally to the lower but is still pretty much bullish and should breakout above the upper trendline. If the price breaks and closes above the upper trendline then this will be a good place to consider a possible long term buy position with an ultimate target set at 116.90 and may extend much higher. If you are looking at this chart right now, keep looking for long term buy positions. And in case the price bounces off from the same trendline, then further momentum to the lowerside is expected.
Trade Recommendations:
Wait for buy orders.

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