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We're upwards towards 110.00.

We're upwards towards 110.00. | 04 February 2021

04 February 2021, USD/JPY

We're upwards towards 110.00.

Wave Analysis

Euro continues to move to the upperside and is still pretty much bullish both on the daily and on the weekly charts. If you are looking at this chart right now, keep looking for long term buy positions expecting a breakout above 105.290, towards 110.00 or even higher. If the price retraces back to the lowerside, then the best place to consider a sell is upon a breakout below the lower blue line. Also, if the price breaks and closes below 104.927, then further momentum to the lowerside is expected.

Trade Recommendations:

We're upwards towards 110.00.

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