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We're buyers towards 140.90 and may likely continue much higher.

We're buyers towards 140.90 and may likely continue much higher. | 31 August 2022

31 August 2022, USD/JPY

We're buyers towards 140.90 and may likely continue much higher.

Wave Analysis:

During the previous trading day, nothing much happened on the US Dollar. As it is right now, I am waiting for a clear breakout above the previous day's highest high to pick a possible long term buy position. The anticipated bullish price rally is the continuation of an impulsive wave (5) to the upperside and should continue much higher with the next ideal target set around 140 and may likely continue much higher.

Trade Recommendations:

We're buyers towards 140.90 and may likely continue much higher.

Bob Stan
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