USD/JPY Forecast: US Dollar rallied to the upperside

jy-l2Wave Analysis:

Yesterday, the US Dollar rallied to the upperside and is still showing signs of continuing much higher. As it is right now, I expect nothing but a possible momentum further to the upperside towards the upper trendline. On the flipside, if the price break below the lower trendline, then we may likely see sellers take full control with an ultimate target set at 110.35. In case the price breaks below this target then further rally much lower is expected.

Trade Recommendations:

We’re buyers towards the upper trendline.

We're buyers towards the upper trendline.

Origin: FreshForex

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