We're in a temporary buy towards 111.646 | 14 July 2021
14 July 2021, USD/JPY
Wave Analysis
According to the weekly chart, we are in an active up trend, however, we are likely to see a pullback towards the immediate upper trendline. As it is now, we keep looking for long term buy positions expecting the price to surge much higher with our ideal target set at 111.648,in case the price ascends above this level, then further rally even higher is expected. if the price should break below the same trendline, then we will be looking for a possible long term sell position but should not go below the level 109. A break below this level will push the price much lower.
Trade Recommendations:
We're in a temporary buy towards 111.646
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