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We're sellers towards 108.696

We're sellers towards 108.696 | 02 August 2021

02 August 2021, USD/JPY

We're sellers towards 108.696

Wave Analysis
After the rebound from around 110.525, euro rallied to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the level 110.250, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside, and should breakout below 108.696 towards 107.844. If the price breaks below this level, then we are continuing downwards towards 107.484.
Trade Recommendations:
We're sellers towards 108.696
Bob Stan
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