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Buy a break above 107.924 towards 109.607.

Buy a break above 107.924 towards 109.607. | 05 March 2021

05 March 2021, USD/JPY

Buy a break above 107.924 towards 109.607.

Wave Analysis

Just as previously anticipated, the Us Dollar rallied significantly to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is now, the price already hit our first target set at 107.924. We are waiting for a clear breakout above this level to mean that we are continuing to the upper side with the next ideal target at 109.607. A breakout above this level will mean we are continuing to the upper side. Any sustenance below 107.924 will mean we are continuing to the lower side towards 106.00.

Trade Recommendations:

Buy a break above 107.924 towards 109.607.

Bob Stan
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