Correction development is expected

05.03.2021

The Japanese yen is completely incapacitated. The dollar is confidently rising in price without any resistance, updating the maximums of the current year several times a day. Meanwhile, the correction is overdue, but it is extremely risky to enter at market prices, so it is recommended to wait for the start of the decline and only after that look for opportunities to enter trades.

The potential level for sales may be 108.00.

Investment idea: sell 108.00, stop loss 108.20, take profit 107.50.