07 April 2021, USD/JPY
Wave Analysis
We continue to see sustenance above the upper trendline. As we indicated in our previous session, we are still in a buyers mode, we are basically waiting for pullbacks to the lowerside to pick low rick buy positions expecting price to continue to the upperside with an ultimate target set at 114.101. On its way to the upperside, the key levels to look for include 112.140 and 112.970. A breakout beyond 114.101 will mean we are continuing to the upperside with an ultimate target set at 115.460.
Trade Recommendations:
On the sidelines.
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