We're sellers towards 109.600. | 18 Junio 2021
18 Junio 2021, USD/JPY
Wave Analysis
After failing to breakout above the upper trendline, the US Dollar is currently heading to the lowerside. As it is now, we are expecting further momentum to the lowerside and may eventually break and close below the lower trendline. If this is the case, then a momentum towards 108.443 is expected with the next ideal target set around 104.000. On the flipside, only a clear breakout above the upper trendline may push the price to the upperrside with the next ideal target to the upper side being 116.00 and could extend much higher.
Trade Recommendations:
We're sellers towards 109.600.
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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.
