Wave Analysis
For almost a fortnight now, the US Dollar has been on the gaining end. The past two weeks have seen the US Dollar gain significantly againts the Japenese Yen. According to the 4 hopur chart attached, the current downward rally is merely the continuation of a corrective wave count and should not break below the supportive trendline. Ideally, we expect the impulsulsive wave (c) to proceed to the lowerside and should bounce from the supportive trendline towards 114.45, if this target is broken, then a move towards 111.80 is expected.
Trade Recommendations:
Sell the Us Dollar now towards 111.85
Origin: FreshForex
