20 January 2021, USD/JPY
Wave Analysis
After a rally to the upperside, the Us dollar rallied to the lower side earlier today but failed to break below 103.674, if today's candle does not break below the level 103.674, then this will be a good place to consider a possible long term buy positions with our targets set at 104.236 and the next target at 105.403. On the flipside, should the price break and close below 103.674, then this will be an ideal place to consider a possible long term sell position with our next target set around 102.642.
Trade Recommendations:
Remain long towards 104.236.
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