12 марта 2021, USD/JPY
Wave Analysis
So far, we've not seen any serious adjustment to the upper side on this symbol. As we said during the previous trading day, we are waiting for a clear rebound from the upper trendline to pick a possible long-term sell position. Our idea is to wait for a clear sell signal which should see a price break below 104.959 or even lower. If the price breaks below this level, then further momentum much lower is expected. On the other hand, should the price break above the upper trendline, then we will expect further momentum to the upperside.
Trade Recommendations:
We're looking forward to a possible sell position from the upper trendline.
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