As long as the price remains above the upper trendline, expect a possible rally towards 119.935. | 31 Marzo 2021

31 Marzo 2021, USD/JPY

Remain long towards 117.935.

Wave Analysis

As long as we continue to see sustenance above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could see the price breakout above 112.010 towards 119.935. On the flipside, in case the price breaks below the lower trendline, then we will be looking for a possible long term sell position towards 38.2% fib level and may extend much lower with the next ideal target at 50.0% fib level.

Trade Recommendations:

As long as the price remains above the upper trendline, expect a possible rally towards 119.935.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.