Buy a rebound from the lower trendline towards 110.430. | 03 Junio 2021
03 Junio 2021, USD/JPY
Wave Analysis
The US Dollar continued to the lowerside and is still pretty much bearish but should not break below the supportive trendline. If the corrective wave (iv) failed to break below the supportive trendline, then this will be a good place to consider a possible long term buy position. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above 114.430 towards 118.00 or even higher and may extend much higher towards 120.00.
Trade Recommendations:
Buy a rebound from the lower trendline towards 110.430.
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.
