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Wait | 02 March 2021

02 March 2021, USD/JPY

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Wave Analysis,

Instead of a rebound from the upper trendline, the US Dollar continued to the upper side and is still pretty much bullish both on the daily and on the 4 hours chart. A successfully break and close above the upper trendline will be a good place to consider further long positions with an ultimate target at 110.00 and could breakout much higher. On the flip side, should the price rebound from the upper trendline, then this will be a good place to consider a possible long term sell position with our target along the lower trendline.

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Bob Stan
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