Buy a breakout above the upper trendline towards 112.90.. | 13 سبتمبر 2021
13 سبتمبر 2021, USD/JPY
Wave Analysis
The Us Dollar is within a contracting wedge formation. If the price breaks above the upper trendline, then further momentum to the upperside is expected. As it is right now, we're waiting for a rebound from the lower trendline to pick a buy position or a break above the upper trendline to pick a possible long term buy position. If you are looking at this chart right now, we are recommending a buy of the last impulsive wave (E) to push price to the upperside.
Trade Recommendations:
Buy a breakout above the upper trendline towards 112.90..
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
