Wait for a buy from around 103.893 towards 104.574. | 11 Januari 2021
11 Januari 2021, USD/JPY
Wave Analysis
The US Dollar is currently in an active up trend. While the price remains above the level 103.893 and also above the red trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave cycle and could see price break and close above 104.574. If you are looking at this chart now, keep looking for more momentum to the upperside expecting price to ultimate break and close above 104.574. A pullback towards 103.893 will give us a good opportunity to pick a buy position.
Trade Recommendations:
Wait for a buy from around 103.893 towards 104.574.
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.
