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Expect a possible rally to the upperside towards 1.21100.

Expect a possible rally to the upperside towards 1.21100. | 10 March 2021

10 March 2021, USD/JPY

Wave Analysis

Ealear this week, Euro bounced off from the supportive zone 1.18543-1.18343 and is currently heading to the upper side. If the price can break and close above the upper dotted line then we will expecting further momentum to the upperside and should continue much higher with the next ideal target set along the upper trendline. And on the flip side, Should the price break below 1.18343, then this will push the price much lower towards 1.06068. A break below this level will mean we are continuing much lower towards 1.05.

Trade Recommendations:

Expect a possible rally to the upperside towards 1.21100.

Bob Stan
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