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

jpy_1Wave Analysis:

The US Dollar is currently trading with an increasing bearish bias. As long as the price remains below the bearish cloud seen above, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below the previous day’s lowest low towards 101.00 or even lower. If you’re not in any trade at the moment, you should wait for a pullback up to 109.760 to pick a low risk sell order.

Trade Recommendations:

Waiting for a clear sell signal from 109.630

Origin: FreshForex

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