We're short towards 104.74. | 25 Marzo 2021
25 Marzo 2021, USD/JPY
Wave Analysis
USDJPY is still struggling below the upper trendline. While the price remains below this trendline, we are looking at possible long term sell positions towards 104.74, as we mentioned in our previous forecast, we are still sellers on this charts, our expectations is that the price should pullback upwards towards the same trendline but should not break above it. In case the price breaks and closes above this trendline, then further momentum to the upperside is expected with an ultimate target set around 114.15.
Trade Recommendations:
We're short towards 104.74.
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.
