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We're buyers towards 110.597

We're buyers towards 110.597 | 10 August 2021

10 August 2021, USD/JPY

Wave Analysis

During the previous trading day, the US Dollar rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the upper trendline, we are looking at nothing but a possible momentum to the upperside and should head straight towards 110.597 and may extend much higher. On the flipside, should the price break below the same trendline, then further rally to the lowerside is expected.

Trade Recommendations:

We're buyers towards 110.597

Bob Stan
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