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We're buyers towards 114.254

We're buyers towards 114.254 | 16 August 2021

16 August 2021, USD/JPY

We're buyers towards 114.254

Wave Analysis

Since the beginning of this month, the us dollar continues to remain above the upper trendline and us still very much bullish. As long as the price remains above this trendline, we are buyers, the idea is to look for long term buy positions expecting the price to break above 114.254 and may extend much higher towards 117.534 and may continue even higher. In case the price breaks below the immediate trendline, then we will be looking for a long term sell.

Trade Recommendations:

We're buyers towards 114.254

Bob Stan
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