22 April 2021, USD/JPY
Wave Analysis
We are still seeing further momentum to the lowerside. As it is now, we are looking for a possible correction to the upperside to pick further momentum to the lowerside and should breakout below the blue line. If this is the case, then further momentum to the lowerside is expected with an ideal target set at 104.959. If this is the case, then further momentum to the lowerside is expected with an ideal target set 102.240 and may extend much lower with the next ideal target set at 99.940.
Trade Recommendations:
Remain short towards 104.959.
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