Wait for a sell from the upper trendline. | 15 March 2021
15 March 2021, USD/JPY
Wave Analysis
Last week, we expected a possible continuation to the upperside, towards the upper trendline, however, the [price ranged and could not hit the upper trendline, as it is now, we are waiting for a rebound from the same trendline to pick a possible long term sell position towards 104.593, a break below this level will push the price much lower with the next ideal target at 100.680. A break below this level will push the price much lower towards the next level. If you are looking at this chart right now, wait for a sell from along the upper trendline.
Trade Recommendations
Wait for a sell from the upper trendline.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
