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Still watching for low risk buy positions towards 114.254.

Still watching for low risk buy positions towards 114.254. | 20 August 2021

20 August 2021, USD/JPY

We're buyers towards 114.254

Wave Analysis:
We continue to see suatiance above the upper trendline. On this chart, buyers are in complete control, the idea is to wait for price to pullback to the same trendline to pick a possible long term buy position towards 114.254 and may extend much higher towards 117.531 and may extend much higher. On the flipside, should the price break below the same trendline, then further momentum to the lowerside is expeccted towards the lower trendline.
Trade Recommendations:
Still watching for low risk buy positions towards 114.254.
Bob Stan
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