31 May 2021, USD/JPY
Wave Analysis
After a bullish spike seen few days ago, the US Dollar continues to rally to the upperside and is still pretty much bullish. As long as the price remains above the upper trendline, we are in an upwards rally. Our expectations is that the price should continue to the upperside with an ideal target set at 110.890. A breakout above this level will push the price much higher with the next ideal target set at 112.216. A breakout above this level will push the price much higher with the next ideal target set at 114.00.
Trade Recommendations:
We're upwards with an ideal target at 112.238.
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