26 Juli 2021, USD/JPY
Wave Analysis
During the past few days, the US Dollar failed to sustain itself below the upper trendline, instead the price rallied to the upperside and even went above the upper trendline, while the price remains above this trendline, we are upwards, we are basically waiting for a pullback to the same trendline 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 112 towards 114.89.
Trade Recommendations:
We're buyers towards 112.00.
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