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We're waiting for long term buy positions towards 110.00.

We're waiting for long term buy positions towards 110.00. | 14 May 2021

14 May 2021, USD/JPY

Look for long positions towards 111.721.

Wave Analysis

After the breakl above the upper trendline, we're yet to see a significant move to the upperside. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsuve wave cycle and should break above 109.00 or even higher. And in case the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ideal target set at 107.540 and may extend much lower towards 102.575.
Trade Recommendations:
We're waiting for long term buy positions towards 110.00.

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