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We're buyers towards 125.610.

We're buyers towards 125.610. | 01 September 2021

01 September 2021, USD/JPY

We're buyers towards the upper trendline.

Wave Analysis
According to the monthly chart, the US Dollar is headed to the upperside. On the monthly chart, the price is above a significant supportive level 108.773, and as long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and should see price break above 116.015 towards 125.610 and could continue even higher. A break below 108.773 will mean we're sellers towards 103.285.
Trade Recommendations:
We're buyers towards 125.610.
Bob Stan
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