Remain short towards 104.959 | 22 Marzo 2021
22 Marzo 2021, USD/JPY
Wave Analysis
We continue to see struggling below the upper trendline. This is a good place to consider a possible long term sell position towards 104.959-104.588. While we're seeing price to be 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 should push the price below 107.250 towards 104.959. A breakout below this level will push the price much lower with an ultimate target set at 101.090.
Trade Recommendations:
Remain short towards 104.959
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.
