Correction is ripe

02.03.2021

The Japanese yen is still unable to stop the dollar, which has gained momentum. The correction is already ripe, but the price continues to rise. Buyers may be aiming to try to break through the resistance level indicated in the screenshot below.

However, it seems that the matter will be limited only to reaching this zone, after which a reversal with a correctional decline will take place. Therefore, it is recommended to be ready for sales.

Investment idea: sell 106.90, stop loss 107.10, take profit 106.40.