The Dollar/Yen pair will continue to rise

19.01.2021

The pair under consideration, there is start of the next upward impulse wave. After a prolonged gradual decline, there was an impulsive growth, and then the price went into correction. Everything is exactly as it was expected. Now we are witnessing the emergence of another wave in the upward movement. The potential for further strengthening of the dollar against the Japanese yen looks quite interesting.

Consequently, it is recommended to look closer at the possibility of opening buy deals at current market prices.

The trading parameters may look as follows: buy 104.05, stop loss 103.85, take profit 106.00.