We're waiting for a buy from around 109.404 towards 109.814. | 05 Agosto 2021
05 Agosto 2021, USD/JPY
Wave Analysis
Currently, the US Dollar is above a key zone 109.404-109.332. As long as the price remains above this zone, we are waiting for a bounce from the same zone to pick a possible long term buy order towards 109.814. If the price breaks and closes above this zone, then further momentum much higher is expected towards 110.175. A break above this level will push the price much higher towards the next level 112.90 and may extend much higher.
Trade Recommendations:
We're waiting for a buy from around 109.404 towards 109.814.
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.
