Wave Analysis
Last week, USDJPY successfully broke below the level 106.775 and is still pretty much below this level. Following the descend below 106.00, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of both the impulsive waves (5) and [c] and should break below 100.00 or even lower. If you are looking at this chart, now, keep looking for sell positions towards 100.00. On this chart, only sell positions looks ideal and can safely be recommended.
Trade Recommendations:
Remain short
Origin: FreshForex
