USD/JPY Forecast: price is held above the level 109.20

jpy_1_newsWave Analysis

the impulsive wave (c) is currently continuing to the upper side, while the price is held above the level 109.20, we do expect it to continue much higher and should break the 109.770. If this does not happen that the price instead goes below 109.3 20, then this will give us a very good place to look for a sell Order. As it is now, we only recommend looking for long-term buy positions as we expect the current bullish price rally to see price move beyond 110.070 towards 112.000. So as the chart set up is now, I do recommend remaining long

Trade Recommendations:

Remain long.

Origin: FreshForex

Leave a Reply