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We're looking for long term sell position towards 104.959.

We're looking for long term sell position towards 104.959. | 26 April 2021

26 April 2021, USD/JPY

We're looking for long term sell position towards 104.959.
Wave Analysis
We continue to see sustenance below the lower trendline. As it is now, while the price is held below this trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave count and should break below 104.959. If the price breaks below this target, then further momentum to the lowerside is expected. On the flipside, should the price break below 101.740, then further momentum much lower is expected.
Trade Recommendations:
We're looking for long term sell position towards 104.959.

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