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We're buyers towards 114.256.

We're buyers towards 114.256. | 18 August 2021

18 August 2021, USD/JPY

We're buyers towards 114.254

Wave Analysis

During the previous trading day, US Dollar rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of a bullish price rally and should see price break above 114.254 and may extend much higher towards 117.101.

Trade Recommendations:

We're buyers towards 114.256.

Bob Stan
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