09 April 2021, USD/JPY
Wave Analysis
The US dollar continued on its way to the lowerside but is still above the upper trendline, while we see sustainance above the upper trendline, we are waiting for a possible buy signal during the coming week. If you are looking at this chart right now, wait for a reboound from the same trendline to pick a possible long term buy position expeccting price to rally much higher towards 114.00 and could breakout towards 116 or even higher. A break below the same trendline to the lowerside will mean we are continuing to the lowerside towards 104.959.
Trade Recommendations:
Waiting for a buy
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