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Sell the Us dollar towards 106.155.

Sell the Us dollar towards 106.155. | 06 May 2021

06 May 2021, USD/JPY

Wave Analysis

The US Dollar continues to struggle within 109.401-109.225. If the price can break and close above this level, then further momentum much higher is expected with an ideal target set at 110.610, then further momentum to the upperside is expected towards 112.00 or even higher. As it is now, we are looking for long term sell positions expecting the price to break below 107.370 or even lower. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and may extend much lower towards 106.155.

Trade Recommendations:

Sell the Us dollar towards 106.155.

Bob Stan
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