USD/JPY Forecast: expect a possible momentum to the upper side

jy-l6Wave Analysis

The US Dollar failed to sustain the break below 111.07 and instead has corrected itself upwards and is now above the same level, as long as the price is above 111.07, we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation oif the impulsive wave (c) to the upperside and should break above 113.00 but should not go above 121.00. This view can only be invalidated in case the price breaks below 107.78, but according to the current chart set up and structure, buy positions looks much better.

Trade REcommendation.

rebuy US Dollar around 111.07

Origin: FreshForex

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