We're buyers above the upper trendline. | 08 Septiembre 2021
08 Septiembre 2021, USD/JPY
Wave Analysis:
Just as previously expected, after bouncing off from the lower trendline, the US Dollar rallied to the upperside and is currently bouncing off from the upper trendline. If the price does not clearly break and close above the upper trendline, then this will be a good place to consider a possible long term sell from. And in case the price breaks and closes above it, then we will be looking for further momentum to the upperside with the next ideal target set at 110.
Trade Recommendations:
We're buyers above the upper trendline.
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.
