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Hold onto long position towards 116.00.

Hold onto long position towards 116.00. | 17 Juni 2021

17 Juni 2021, USD/JPY

We're buyers towards 116.00.

Wave Analysis
As previous expected, the US dollar continued to the upperside and is still pretty much bullish. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside. If you are on this chart right now, we recommend you 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 the next ideal target set around 107.505. On its way to the lowerside, the key level to look for include 109.040 and 108.165.
Trade Recommendation:
Hold onto long position towards 116.00.

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Bob Stan
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