19 January 2021, USD/JPY
Wave Analysis
Earlier today, the Us Dollar bounced off from the level 103.674. While the price remains above this level, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (C) to the upper side and should breakout above 104.236 towards 105.403. If you took a long position around 103.674, then hold onto this trade. On the flip side, should the price break and close below 103.674, then this will be a good place to consider a possible sell position.
Trade Recommendations:
Remain long with your target at 104.236.
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