17 February 2021, USD/JPY
Wave Analysis
As expected, the Us dollar continued to the upperside after a rebound from the Alligator indicator. While we continue to see a rally above the lines of the indicator we are upwards, the idea is to keep looking for long term buy positions expecting price to continue mush higher with the next ideal target set at 110.00. On the flip side, should the price break below 104.275, then this will be an ideal place where would like to look for a possible long term sell position expecting price to break below 102.940.
Trade Recommendations:
Wait
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