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We're upwards the upper trendlin

We're upwards the upper trendlin | 09 March 2021

09 March 2021, USD/JPY

Wave Analysis

The US Dollar continues to rally 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 now, keep looking for long term buy position but expecting price to rebound from the upper trendline. I this is the case, then this will be a good place to consider a possible long term sell position towards 104.959. If the price bounces off from this level, then this will be a good place to start thinking for a low risk buy position, In case the price breaks and closes below 104.588, then this will be a good place to consider a possible sell position.

Trade Recommendation.

We're upwards the upper trendline

Bob Stan
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