Wait | 28 April 2021

28 April 2021, USD/JPY

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Wave Analysis
After a failed attempt to breakout above the upper trendline, the US Dollar is still below this trendine, if you are looking at this chart now, wait for a rebound from the upper trendline to pick a possible sell position towards 104.959. If the price break below 104.959, then we will be expecting further momentum towards 100.685 is expected. And on the flip side, should the price break above 109.125, then we will be looking for long term buy position towards 114.101 and may break even higher towards 118.00
.
Trade Recommendations:
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