wait | 23 March 2021

23 March 2021, USD/JPY

wait

Wave Analysis

The US Dollar is currently rallying within a range not going above the upper trendline or below the lower trendline. As it is on this chart a rebound from this trendline will give us a good place to consider a sell position from, while a rebound from the upper trendline will give us a good place to consider a possible buy position. In case the price breaks and closes below the lower trendline, then further momentum to the lowerside will be ideal with our target set around 107.95. A break below this level will push the price much lower towards 105.45.

Trade Recommendations:

Wait

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .