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We're sellers towards 109.197.

We're sellers towards 109.197. | 25 August 2021

25 August 2021, USD/JPY

We're long towards 112.90.

Wave Analysis
During the previous trading day, nothing much happened on the the US dollar, we expected a possible momentum to the lowerside, however, nothing happened, the pair closed just a few pips above its opening price. As it is right now, we are looking for a possible long term sell position, as it is right now, we are looking for a possible long term sell position with an ideal target set at 109.195 and may extend much lower. This view remains valid as long as the price remains above the previous weeks highest high. If the price breaks and closes above this high, then further momentum to the upperside is expeccted.
Trade Recommendations:
We're sellers towards 109.197.

Bob Stan
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