24 May 2021, USD/JPY
Wave Analysis
The US dollar continues to rally below the upper trendline. While we are not able to clearly close above the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price is the continuation of the impulsive wave (c) to the lowerside and should break below 107.817 towards 106.175 or even lower. As it is now, keep looking for long term sell positions expecting the price to break below 106.175 towards 104.930. A breakout below this level will push the price much lower towards 103.685.
rade Recommendations:
We're sellers towards 105.545
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