28 May 2021, USD/JPY
Wave Analysis
The US dollar gained momentum to the upper side and is still pretty much bullish both on the daily and on the weekly charts. While we continue to see sustenance above the upper trendline,we are looking for long term buy positions expecting the price to rally much higher towards 111.721. If the price breaks above this level, then further momentum much higher is expected. This is the continuation of an impulsive wave count and could push the price much higher with the next target set at 114.00.
Trade Recommendations:
We're buyers towards 114.23.
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