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We're buyers towards 140.90

We're buyers towards 140.90 | 10 August 2022

10 August 2022, USD/JPY

We're buyers towards 140.90

Wave Analysis:

Yesterday, the US Dollar rallied to the upperside and is still showing signs of continuing much higher. As it is right now, I expect nothing but a possible momentum to the upperside. The idea here will be to keep looking for a possible long term buy positions towards 140 and may extend much higher. On the flipside, only a break and close below the previous month's lowest low will attract a possible long term sell positions.
Trade Recommendations:
We're buyers towards 140.90
Bob Stan
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