29 January 2021, USD/JPY
Wave Analysis
During the previous trading day, the Us Dollar continued to the upper side perfectly as previously forecasted. As long as the price remains above 104.461, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and should breakout above 104.725 towards 105.200 or even higher. On the flip side, should the price pullback to the lowerside, then the best place we'll be looking for a trade is from 104.461.
Trade recommendations:
Wait for a rebuy from around 104.461.
Trade Recommendations:
Buy a rebound from the lower trendline towards 1.37438.
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