USD/JPY Forecast: long as the price is contained below this zone

news_22_feb_1_usd_jpy-Wave Analysis:

The US Dollar is currently trading below a key zone 109.626-109.771. As long as the price is contained below this zone, we expect nothing but a possible momentum to the lowerside. The idea is to wait for a bounce from the zone stated above to pick low risk sell orders with an ultimate target at 107.657. On its way to the lowerside, the key lines to look for include 108.900, 108.470 and 107.657. A breakout below this level will push the price further to the lower side with an ultimate target at 100.00.

Trade Recommendations:

We’re looking for sell orders towards 107.657.

Origin: FreshForex

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