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Wait for a sell from the upper trendline.

Wait for a sell from the upper trendline. | 15 March 2021

15 March 2021, USD/JPY

Wait for a sell from the upper trendline.

Wave Analysis

Last week, we expected a possible continuation to the upperside, towards the upper trendline, however, the [price ranged and could not hit the upper trendline, as it is now, we are waiting for a rebound from the same trendline to pick a possible long term sell position towards 104.593, a break below this level will push the price much lower with the next ideal target at 100.680. A break below this level will push the price much lower towards the next level. If you are looking at this chart right now, wait for a sell from along the upper trendline.
Trade Recommendations
Wait for a sell from the upper trendline.
Bob Stan
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