We're sellers towards 108.990. | 03 Agosto 2021
03 Agosto 2021, USD/JPY
Wave Analysis
After establishing a support around 109.220, the US dollar pulled back to the upperside and is still pretty much in a corrective mode. As it is on the chart attached, we are expecting further momentum to the upperside but should not go beyond 50.0% fib level, if the price should break beyond this level, then the next target is around 61.8% fib level. And in case the price breaks below the level 109.105, then further momentum to the lowerside is expected towards 108.990.
Trade Recommendations:
We're sellers towards 108.990.
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.
