USD/JPY analysis for August 16 2021 - Watch for the buying opportuntiies due to exhasution

Technical analysis:

USD/JPY has been trading downside during last 2 days but I found the exhaustion pattern today.

Trading recommendation:

Due to exhaustion pattern and mini drift phase, watch for buying opportunities with the upside targets at 109,70 and 110,30.

Stochastic is showing extreme downside reading and potential for the rally due to bullish divergence.

Support is set at 109,30