We're looking for sell positions towards the lower trendline. | 24 June 2021

24 June 2021, USD/JPY

We're looking for sell positions towards the lower trendline.

Wave Analysis
During the previosu trading day, the US dollar bounced off from the upper trendline and is still pretty much bearish. While we're not seeing a break above the upper trendline, we are looking for a possible long term sell position, expecting the price to continue to the lowerside with the next ideal target set along the lower trendline.In case the price ascends and breaks above the upper trendline, then this will mean we are not continuing to the upperside with the next ideal target set around 116.000 and could push even further towards 118.00.
Trade Recommendations:
We're looking for sell positions towards the lower trendline.

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Bob Stan
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