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We're sellers towards 108.585

We're sellers towards 108.585 | 09 Septiembre 2021

09 Septiembre 2021, USD/JPY

We're sellers towards 108.585

Wave Analysis:

Yesterday, instead of continuing to the upperside, the US Dollar rallied to the lowerside and is still showing signs of continuing to the lowerside. As it is right now, we are sellers. The idea here is to looking for sell positions we're expecting the price to break below 108.58 and may continue much lower. As it is right now, only sell positions looks ideal and can be recommended. On the flipside, only a clear break above 110.568, then this will be a good place to consider a possible long term buy position towards 112.90.
Trade Recommendations:
We're sellers towards 108.585
Bob Stan
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