We're buyers. | 08 يناير 2021
08 يناير 2021, USD/JPY
Wave Analysis
Yesterday, the US Dollar broke and closed above the upper trend line. As long as we continue to see sustenance above 103.115, we expect nothing but a possible momentum to the upper side, the idea is to watch for a possible pullback towards 103.835 to pick a low risk buy position or a breakout above 103.995 to pick a possible long term buy position with an ultimate target set at 105.00. If you are on this chart right now, keep looking for long term buy positions expecting price to ascend beyond 110.00.
Trade Recommendations:
We're buyers.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
