FX.co - USD/JPY analysis for August 17 2021 - ABC completion might be in the play

2021-11-17T12:45:00

Relevance until2021-11-18

Technical analysis:

USD/JPY analysis for August 17 2021 - ABC completion might be in the play

USD/JPY is trading downside today but I see potential for the completion of the ABC downside correction.

Trading recommendation:

Due to potential completion of the ABC downside correction in the upside trend, I see potential for the buying opportunities.

Watch for buying opportunities with the upside targets at 114,95 and 115,40.

Key support is set at the price of 114,35

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ USD/JPY analysis for August 17 2021 - ABC completion might be in the play