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We're buyers towards 114.103.

We're buyers towards 114.103. | 05 Abril 2021

05 Abril 2021, USD/JPY

As long as the price remains above the upper trendline we are looking for long term buy positions towards 114.101.

Wave Analysis

On this chart, we are in an active up trend, our target remains around 112.140 and 114.105 and 116.00. If the price approaches any of these levels we will be expecting a reversal. A breakout of any of these levels will push the price much higher with the next ideal target at the next level. A rebound from any of these levels will attract a sell position expecting the price to rally much lower. As it is now, only buy positions looks ideal and can be recommended unless the price breaks and closes below the immediate trendline.

Trade Recommendations:

We're buyers towards 114.103.

Bob Stan
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