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We're waiting for a buy from around 109.404 towards 109.814.

We're waiting for a buy from around 109.404 towards 109.814. | 05 August 2021

05 August 2021, USD/JPY

We're waiting for a buy from around 109.404 towards 109.814.

Wave Analysis

Currently, the US Dollar is above a key zone 109.404-109.332. As long as the price remains above this zone, we are waiting for a bounce from the same zone to pick a possible long term buy order towards 109.814. If the price breaks and closes above this zone, then further momentum much higher is expected towards 110.175. A break above this level will push the price much higher towards the next level 112.90 and may extend much higher.

Trade Recommendations:

We're waiting for a buy from around 109.404 towards 109.814.

Bob Stan
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