USD/JPY Forecast: US Dollar is trading with an increasing bullish bias momentum

jpy_1Wave Analysis

The US Dollar is currently trading with an increasing bullish bias momentum.. During the previous trading day, the impulsive waves (5) and (v) continued massively to the upperside and is still very bullish. Following the break above the previous trading day highest high, then we will be expecting further momentum to the upperside. If the price can retrace back towards 107.005, then this will be a good place to look for a good buy. A break below this level will push the price even lower.

Trade Recommendations:

Rebuy Us Dollar from 107.005 with your target at 107.600.

Rebuy Us Dollar from 107.005 with your target at 107.600.

Origin: FreshForex

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