Sellers Mode | 19 Marzo 2021
19 Marzo 2021, USD/JPY
Wave Analysis
We 're yet to see a clear rebound from the upper trendline. While the price remains below the upper. This will give us a good place to consider a possible long term sell position. The anticipated bearish price rally is the continuation of an impulsive wave cycle and could see price break below 104.959 towards 100.955. On its way to the lowerside, the key levels to look for include 108.020, 107.235, 106.450 and 104.959. A break beyond these levels will push the price much lower towards 101.740 towards 100.00 or even lower.
Trade Recommendations:
We're in sellers mode.
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.
