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We're buyers.

We're buyers. | 08 January 2021

08 January 2021, USD/JPY

We're buyers.

Wave Analysis

Yesterday, the US Dollar broke and closed above the upper trend line. As long as we continue to see sustenance above 103.115, we expect nothing but a possible momentum to the upper side, the idea is to watch for a possible pullback towards 103.835 to pick a low risk buy position or a breakout above 103.995 to pick a possible long term buy position with an ultimate target set at 105.00. If you are on this chart right now, keep looking for long term buy positions expecting price to ascend beyond 110.00.

Trade Recommendations:

We're buyers.

Bob Stan
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