19 Juli 2021, USD/JPY
Wave Analysis
During the previous trading day on Friday, the US Dollar bounced off from the lower trendline and is currently heading to the upper side, while the price is held above the lower trendline, we expect nothing but a possible momentum to the upperside, we expect the rebound from the lower trendline to be an end to the corrective wave (4) that the current bullish price rally is the continuation of the last impulsive wave (5) to the upperside and should breakout above 111.170 towards 112.
Trade Recommendations:
We're buyers towards 112.90.
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