We're buyers with an ultimate target at 116.78. | 10 June 2021
10 June 2021, USD/JPY
Wave Analysis
After breaking above the upper trendline. The Us dollar continues to rally above this trendline. As it is now, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could see price break above 114.195 towards 117.070 or even higher. As it is now on this chart, we recommend looking for long term buy positions. On the flipside, should the price break and close below the same trendline, then we are looking for low risk sell orders towards 101.935.
Trade Recommendations:
We're buyers with an ultimate target at 116.78.
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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.
