Still watching for low risk buy positions towards 114.254. | 20 Agosto 2021
20 Agosto 2021, USD/JPY
Wave Analysis:
We continue to see suatiance above the upper trendline. On this chart, buyers are in complete control, the idea is to wait for price to pullback to the same trendline to pick a possible long term buy position towards 114.254 and may extend much higher towards 117.531 and may extend much higher. On the flipside, should the price break below the same trendline, then further momentum to the lowerside is expeccted towards the lower trendline.
Trade Recommendations:
Still watching for low risk buy positions 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.
