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Wait. | 12 February 2021

12 February 2021, USD/JPY

Expect further bearish price rally towards the immediate trendline.

Wave Analysis

After a drastic decline seen Earlier this week, the US Dollar appears to be gaining momentum to he upperside. On this chart, we're still jittery to pick any position as it is now, but is the price can rebound from the lower blue line, then this will be a good place to consider 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 break above 106.010. A break below 104.170 will mean we are continuing to the lowerside.

Trade Recommendations:

Wait.

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