10 2月 2021, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar rallied to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. If you are looking at this chart, expect price to continue to the lowerside but should not go beyond the immediate trendline. If the price bounces off from this trendline, then this will be a good place to consider a possible long term buy position expecting a rally much higher towards 107.850. On the flip side, a break and close below 103.710 will push the price to the lowerside.
Trade Recommendations:
Expect further bearish price rally towards the immediate trendline.
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