USD/JPY Forecast: expected a possible rally to the lowerside

jpyWave Analysis

During the previous trading day, nothing much happened on this pair, we expected a possible rally to the lowerside, however, the US Dollar pulled back upwards and ended closing around the previous days’ opening price. As it is right now, we are buyers. We are basically looking for the possibility that the price should break above the previous day’s highest high towards 112.90 and may extend even higher. On this chart, we are flat temporarily.

Trade Recommendations:

We’re flat.

We're flat.

Origin: FreshForex

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