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Buy a break above 110.586 towards 112.00.

Buy a break above 110.586 towards 112.00. | 13 August 2021

13 August 2021, USD/JPY

Buy a break above 110.586 towards 112.00.

Wave Analysis

During the previous trading day, nothing much happened on this pair, we anticipated a possible breakout above 110.586, unfortunately, the price failed to close above it. As we mentioned in our previous analysis, sellers are sited within 110.586-110.499. If the price breaks and closes above this zone, then we will be looking for a possible rally much higher with the next ideal target set around 112.90 and may extend much higher.

Trade Recommendations:

Buy a break above 110.586 towards 112.00.

Bob Stan
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