USD/JPY Forecast: US Dollar is in a correction mode

jy-l4Wave Analysis:

Currently, the US Dollar is in a correction mode. We expect the current bearish price rally to be the continuation of a corrective wave count and could see the price continue to the lowerside but should not go beyond 114.530, this is yesterday’s opening pric. If the price closes below this level, then we’ll wait for another break below the previous day’s lowest low, otherwise, we are in an active up trend expecting a break above 115.285.

Trade Recommendations:

We’re buyers towards 116.767

We're We're buyers towards 119.90

Origin: FreshForex

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