26 Februari 2021, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar rallied to the upper side but could not break above the level 106.730. As it is now, we expect further momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should break and close above 107.948. On the flipside, if the price can close below 105.489, then this will be a good place to consider a possible long term sell position with an ultimate target set at 104.459.
Trade Recommendations:
We're looking for long positions towards 107.948.
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