Wait for a sell from the upper trendline towards 104.959. | 11 Maret 2021
11 Maret 2021, USD/JPY
Wave Analysis
After the massive rise in price seen earlier this week, the US Dollar failed to break above the upper trendline, instead the price barely reached this trendline and is now heading to the lower. A continued sustenance below this trendline may push the price to the lowerside with an ideal target around 104.959-104.500. A break below this level will mean we are continuing to the lowerside with our target set at 101.420. A breakout above the upper trendline will mean the price will continue to the upperside towards 114.101.
Trade Recommendations:
Wait for a sell from the upper trendline towards 104.959.
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.
