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We're buyers towards 140.80

We're buyers towards 140.80 | 09 August 2022

09 August 2022, USD/JPY

We're buyers towards 140.80

Wave Analysis:

The US Dollar is currently in an active up trend. As long as the price remains above the zone 124.791-123.678, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave (c) to the upperside and should see the price break above 140.050 and may likely extend much highher. On this charrt, keep looking for low risk buy positions towards the target men tioned. A break above it will push the pricce much higher.
Trade Recommendations:
We're buyers towards 140.80
Bob Stan
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