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We're buyers towards the upper trendline.

We're buyers towards the upper trendline. | 07 September 2021

07 September 2021, USD/JPY

We're buyers towards the upper trendline.

Wave Analysis:

Just as previously expected, after rebounding from the lower trendline, the US Dollar rallied to the upperside but is yet to successfully continue long as previoulsy predicted. If you are on this chart right now, I recommend looking for long position. These buy is the continuation of the last impulsive wave cycle and should see price rally towards the upper trendline and may extend much nhigher towards the upper trendline. On the flipsiide, in case the price breaks below the lower trendline, then this will be the ideal place to consider a possible long term sell position.
Trade Recommendations:
We're buyers towards the upper trendline.
Bob Stan
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