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We're long towards 112.90.

We're long towards 112.90. | 23 August 2021

23 August 2021, USD/JPY

We're long towards 112.90.

Wave Analysis

In the recent past, the Us Dollar bounced off from the lower trendline and is currently heading to the upperside. As long as the price remains above the lower trendline, we are looking forward to continuing long with the last impulsive wave (E) and should breakout above the immediate upper trendline and may continue much higher towards 112.90 and may extend even higher. On the otherside, should the price break below the lower trendline, then we're sellers towards 108.490.

Trade Recommendations:

We're long towards 112.90.

Bob Stan
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