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We're buyers towards the upper trendline.

We're buyers towards the upper trendline. | 03 September 2021

03 September 2021, USD/JPY

We're buyers towards the upper trendline.

Wave Analysis:

During the previour week, nothing much has been happening on this pair, we expected an impulsive surge to the upperside, however, that is yet to happpen, as it is now, we expect price to pullback again towards the lower trendline to give us the correct opportunity to look for a possible long term buy position, if you are looking at this chart right now, keep looking for long term buy positions. And in case the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ideal target at 103.90. As it is now, only buy positions looks ideal and can be recommended.
Trade Recommendations:
We're buyers towards the upper trendline.
Bob Stan
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