Expect a possible sell from the upper trendline. | 16 Marzo 2021
16 Marzo 2021, USD/JPY
Wave Analysis
During the previous trading day, we continued to see sustenance below the upper trendline. While the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave count and could see price breakout ebloow 104.953. If you are looking at this chart now, keep looking for long term sell positions. Howvere, should the price btreak and close above the upper trendline then this will be a good place to consider a possible long term buy position towards 114.1093.
Trade Recommendations:
Expect a possible sell from the upper trendline.
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.
