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

jpy_3_newsWave Analysis

The US Dollar appears to be loosing ahead of the Midterm elections results. As long as the price remains above 111.665, we still expect a possible momentum to the upper side with an ideal target at 114.192. And should the price break above 114.192, then this will be a good place to look for a long term long position towards 117.883. And on the bears side, should the price break below 111.665, then this will be a ideal place for sellers to take full control towards the next weekly support set at 107.350.

Trade Recommendations:

We’re still bullish towards 114.192.

We're still bullish towards 114.192.

Origin: FreshForex

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