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We're looking for a possible long term buy position towards the level 114.254.

We're looking for a possible long term buy position towards the level 114.254. | 17 August 2021

17 August 2021, USD/JPY

We're buyers towards 114.254

Wave Analysis

As long as the price remains above the upper trendline, we maintain a buyers perspective, as it is right now, we expect nothing buy position towards 114.254 and may extend much higher towards 117.531 and may extend much higher. On the other side, should the price break below the lower trendline, then we expect nothing but a possible momentum to the lower side is expected with the next ideal target set around the lower trendline.

Trade Recommendations:

We're looking for a possible long term buy position towards the level 114.254.

Bob Stan
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