USD/JPY Forecast: expect nothing but a possible momentum to the upperside

jpy_3_newsWave Analysis

The USD Dollar is still rallying within the expanding wedge formation. As it is right now, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and may see the price break above the upper trendline. If this is the case, then a rally much higher is expected. On the flipside, a break below the lower trendline may attract a possible sell towards 110.95.

Trade Recommendations:

We’re buyers towards the upper trendline.

We're buyers towards the upper trendline.

Origin: FreshForex

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