We're buyers towards 114.00. | 02 June 2021
02 June 2021, USD/JPY
Wave Analysis
Earlier today, the US Dollar rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. If you are looking at this chart right now, I recommend looking for long term buy positions. This perspective can only be invalidated in case the price breaks and closes below the previous day's lowest low. If this is the case, then we will be expecting a possible rally much lower towards 100.00 and may continue even lower.
Trade Recommendations:
We're buyers towards 114.00.
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.
