USD/JPY Forecast: long as the price remains above this trend line

jy-l3Wave Analysis

During the previous trading day, the Us dollar rallied to the upperside and even went above the upper trendline, As long as the price remains above this trendline, we expect nothing but a possible momentum to the uppe rside, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break above the upper trendline towards 19.60 or even higher. This view can only be considered futile in case the price breaks below 108.00.

Trade Recommendations:

We’re buyers towards 109.60.

Origin: FreshForex

Leave a Reply