Remain short towards 104.959 | 22 Maret 2021

22 Maret 2021, USD/JPY

Remain short towards 104.959

Wave Analysis

We continue to see struggling below the upper trendline. This is a good place to consider a possible long term sell position towards 104.959-104.588. While we're seeing price to be below the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave count and should push the price below 107.250 towards 104.959. A breakout below this level will push the price much lower with an ultimate target set at 101.090.

Trade Recommendations:

Remain short towards 104.959

Bob Stan
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