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We're buyers

We're buyers | 27 September 2021

27 September 2021, USD/JPY

We're buyers

Wave Analysis

During the previous trading week, the US Dollar consolidated above the upper trendline but is still pretty much bullish. As it is right now, we are buyers. We are basically looking forward to a possible break above 111.510 to pick a possible long term buy position. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and should breakout above 113.650 towards 118.487 and may continue even higher.

Trade Recommendations:

As long as the price remains above the upper trendline, we expect nothing but a possible momentum towards 118.89.

Bob Stan
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