We're sellers towards 109.810. | 12 August 2021
12 August 2021, USD/JPY
Wave Analysis:
During the previous trading day, the US Dollar bounced off from the resistance zone 110.586-110.499, headed slightly to the lowerside but is still pretty much bearish. As long as the price remains below this zone, we expect nothing but a possible momentum to the lowerside and should head straight towards 109.810. And on the flipside, should the price break above 110.586, then this will be the price continue much higher, then the next target is set around 111.419 and may extend much higher towards 112.00.
Trade Recommendations:
We're sellers towards 109.810.
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.
