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We are likely to see a possible rally towards 104.959.

We are likely to see a possible rally towards 104.959. | 20 April 2021

20 April 2021, USD/JPY

We are likely to see a possible rally towards 104.959.
Wave Analysis
After a failed attempt to sustain itself above the upper trendline, the US Dollar pulled back to the lowerside and is now below the same trendline, as it is now, we are expecting further momentum to the lowerside and may breakout below 104.959 towards 101.090. On the flipside, should the price rally upwards, then a breakout above the upper trendline will push the price much higher with the next ideal; target set at 114.101. A break any higher will mean we are continuing much higher.
Trade Recommendations:
We are likely to see a possible rally towards 104.959.

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