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Place a pending buy limit order at 105.489 stoploss below 104.459 and take profit at 107.948.

Place a pending buy limit order at 105.489 stoploss below 104.459 and take profit at 107.948. | 18 February 2021

18 February 2021, USD/JPY

Place a pending buy limit order at 105.489 stoploss below 104.459 and take profit at 107.948.

Wave Analysis

The US dollar continue to rally to the upper side and is still pretty much bullish both on the daily and on the weekly charts. Following the break and close above 105.489, we are waiting for a pullback to the same level to pick a possible long term buy position towards 107.948, if the price breaks and closes above this zone, we expect nothing but a possible momentum to the upper side. If you are not already in a long position, place a pending buy limit order at 105.489, stop loss below 104.302 and take profit at 107.948.

Trade Recommendations:

Place a pending buy limit order at 105.489 stop loss below 104.459 and take profit at 107.948.

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Bob Stan
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