Wave Analysis
Despite the previous forecast that this pair could accelerate to the upperside, the US Dollar is currently in a correction mode. However, as long as the price remains above the daily level 112.095 and also above the two simple moving averages. we expect nothing but a possible momentum to the upperside. And on the bears side, should the price break below 112.895, then this will be a good place to look for a long term short position with an ultimate target at 111.775. A break below this target will push the price further to the lowerside.
Trade Recommendations:
We’ll rebuy usdjpy from 112.895.
Origin: FreshForex
