USD/JPY Forecast: US dollar failed to sustain the below the lower trendline

jy-l4Wave Analysis

Yesterday, The US dollar failed to sustain the below the lower trendline and instead pulled back above it. As it is right now, we are looking for a possible long term buy positions, we are expecting the price to continue to the upperside and should rally towarards the upper trendline. if this trendrendline is broken, then further momentum to the upperside is expected with the next ideal target set around 112.00 and may extend much higher.

Trade Recommendations:

we’re buyers towards 1112.0

we're buyers towards 1112.0

Origin: FreshForex

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