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Buy a break above 105.489 towards 107.948.

Buy a break above 105.489 towards 107.948. | 24 February 2021

24 February 2021, USD/JPY

Buy Us dollar from the blue line towards 107.948

Wave Analysis

Nothing much happened on this pair during the previous trading day. As it is now, we are still expecting further momentum to the upperside and should breakout above 105.489 with the next ideal target at 106.730. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should breakout above 107.978. On the flip side, only a clear breakout and close below 1040.459 will attract a possible long term sell position with an ultimate target at 102.590.

Trade Recommendations:

Buy a break above 105.489 towards 107.948.

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