Buy a bounce from the lower trendline towards 103.945. | 18 يناير 2021
18 يناير 2021, USD/JPY
Wave Analysis
The Us dollar is currently rallying within a rising channel formation. While the price remains within this range we are only interested in trading reversals, we will be waiting for a bounce from the lower trendline to pick a buy and a bounce from the upper trend line to pick a sell. In case the price breaks and close below the lowerside, then further momentum much lower is expected with the next ideal target set at 103.495, in case of a break above the upper trend line, then further rally towards 104.145 is expected.
Trade Recommendations:
Buy a bounce from the lower trendline towards 103.945.
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.
