We're long towards 112.90. | 23 Agosto 2021
23 Agosto 2021, USD/JPY
Wave Analysis
In the recent past, the Us Dollar bounced off from the lower trendline and is currently heading to the upperside. As long as the price remains above the lower trendline, we are looking forward to continuing long with the last impulsive wave (E) and should breakout above the immediate upper trendline and may continue much higher towards 112.90 and may extend even higher. On the otherside, should the price break below the lower trendline, then we're sellers towards 108.490.
Trade Recommendations:
We're long towards 112.90.
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.
