USD/JPY Forecast: expect nothing but a possible momentum to the upper side

a-5Wave Analysis

Perfectly as we forecasted on 29th, Monday Last week, the US Dollar rallied to the upperside and is still pretty much bullish both on the daily and weekly charts. As we said previously, as long as the price is above 111.665, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of both the impulsive waves v and (c) and should break above 114.192 towards 117.883 and may head even higher. And on the flip side, should the price break below 111.665, then we will consider a sell position.

Trade Recommendations:

We’re long

101% Double the volume

Origin: FreshForex

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