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We're buyers towards 110.761

We're buyers towards 110.761 | 26 Agosto 2021

26 Agosto 2021, USD/JPY

We're long towards 112.90.

Wave Analysis
Yesterday, our stops were taken out when the price went above 110.150. The break above this level is a clear sign that buyers are in complete control, while this remaiins true, that the price is above this level, I expect nothing but a possible momentum even higher. The idea here will be to wait for a pullback towards the same level, 110.150 to pick a possible buy position expecting the price to extend much higher towards 111.513 and should continue even higher. On the chart, only buy positions looks ideal and can be recommended.
Trade Recommendations:
We're buyers towards 110.761

Bob Stan
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