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We're sellers towards 109.600.

We're sellers towards 109.600. | 18 June 2021

18 June 2021, USD/JPY

We're sellers towards 109.600.

Wave Analysis
After failing to breakout above the upper trendline, the US Dollar is currently heading to the lowerside. As it is now, we are expecting further momentum to the lowerside and may eventually break and close below the lower trendline. If this is the case, then a momentum towards 108.443 is expected with the next ideal target set around 104.000. On the flipside, only a clear breakout above the upper trendline may push the price to the upperrside with the next ideal target to the upper side being 116.00 and could extend much higher.
Trade Recommendations:
We're sellers towards 109.600.

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Bob Stan
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