USD/JPY Forecast: long as the price is protected from violating the upper trend line

usd-jpyWave Analysis

Just a previously anticipated, the impulsive wave (c) failed to break above the upper trendline and instead ended perfectly around it. As long as the price is protected from violating the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave count and should break below 1.0925. if this is true, then further momentum to the lowerside is expected with an ultimate target at 1.050124.

Trade Recommendations:

We’re looking for a good long term sell order towards 1.0925.

Origin: FreshForex

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