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We're we're buyers towards 112.90

We're we're buyers towards 112.90 | 11 August 2021

11 August 2021, USD/JPY

We're we're buyers towards 112.90

Wave Analysis

During the previous trading day, the Us dollar continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. According to the intraday indicator attached, we are in an active up trend. The idea is to wait for a pullback to the lowerside to pick a possible low risk buy position. If you are looking at this chart right now, wait for a pullback then pick a low risk buy position.
On the flipside, should the price break below the indicator attached, then this will be a good sign that we are now heading to the lowerside.
Trade Recommendations:
We're we're buyers towards 112.90
Bob Stan
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