22 February 2021, USD/JPY
Wave Analysis
During the previous trading day on Friday, the US Dollar continued to the lower side but is now above a key support level of 105.489. If the price fails to break below this level, then this will be a good place to consider a possible long-term buy position. However, any violation of this level to the lower side will mean we are continuing with the current bearish wave expecting the price to break and close below 104.459. A break below this zone will push the price much lower towards 100.00 or even lower. On the upperside, the only breakout above 106.00 will mean we are now continuing to the upper side towards 110.00.
Trade Recommendations:
Wait for a possible buy position from around 105.489 or 104.459.
One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.
This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%. 2 steps to get the Invest-portfolio:
1. Fund your trading account with $50 or more from February 1 to 26, 2021.
2. Send a request to school@freshforex.com with your account number funded.
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 
