21 May 2021, USD/JPY
Weekly Analysis
The US Dollar continues to rally below the Alligator indicator and is now showing any signs of breaking above it. While the price remains below this is indicator, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a bearish price rally and could see price break below 108.110 towards 107.340. On the otherside, a break above the upper trendline, then further momentum to the upperside is expected with an ideal target set at 110.810.
Trade Recommendations:
While the price remains below the Alligator indicator, we are looking for sell positions towards 107.730.
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