We're buyers towards 114.254 | 16 Agosto 2021
16 Agosto 2021, USD/JPY
Wave Analysis
Since the beginning of this month, the us dollar continues to remain above the upper trendline and us still very much bullish. As long as the price remains above this trendline, we are buyers, the idea is to look for long term buy positions expecting the price to break above 114.254 and may extend much higher towards 117.534 and may continue even higher. In case the price breaks below the immediate trendline, then we will be looking for a long term sell.
Trade Recommendations:
We're buyers towards 114.254
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.
