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We're waiting for a possible buy position towards 114.101.

We're waiting for a possible buy position towards 114.101. | 13 April 2021

13 April 2021, USD/JPY

Wave Analysis

During the previous trading day, nothing much happened on this pair, we are still seeing sustenance above the upper trendline. As long as the price remains above the Alligator indicator, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could breakout above 112.130 towards 114.101 and could continue much higher with the next ideal target set around 116.880 towards 117.00.

Trade Recommendations:

We're waiting for a possible buy position towards 114.101.

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