We're still buyers towards 107.550. | 04 Marzo 2021
04 Marzo 2021, USD/JPY
Wave Analysis
The US Dollar continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. Following the breakout above the upper trend line, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upper side and should breakout above 107.550 towards 110.00 or even higher. On the other side, a pullback towards 38.2% fib level will provide us with a good buy opportunity.
Trade Recommendations:
We're still buyers towards 107.550.
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.
