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Remain long towards 107.948.

Remain long towards 107.948. | 25 February 2021

25 February 2021, USD/JPY

Buy Us dollar from the blue line towards 107.948

Wave Analysis

The US Dollar continues to make good progress to the upperside perfectly in line with what we forecasted during the past few days. If you are looking at this chart now, we are hold onto a buyers perspective. The idea is to watch for a breakout above 106.270 to pick a possible long term buy position with an ultimate target set at 107.948. A breakout above this level will push the price much higher with the next ideal target set at 110.00. A pullback towards 105.810 will give us a good place to consider a possible buy from,

Trade Recommendations:

Remain long towards 107.948.

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