We're buyers towards the upper trendline. | 08 اكتوبر 2021
08 اكتوبر 2021, USD/JPY
Wave Analysis
During the previous trading day, we saw a surge to the upperside, the US Dollar is still several points below the upper trendline. As it is right now, we are looking forwards to the continuation of the last impulsive wave (v) to the upperside and should breakout above the upper trendline. If this is the case, then further momentum much higher is expected towards 114.90 or even higher. If the price breaks below the lower trendline, then we're sellers towards 107.620.
Trade Recommendations:
We're buyers towards the upper trendline.
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.
