USD/JPY Forecast: US Dollar has been rallling between the upper trendline

jy-l3Wave Analysis:

The US Dollar has been rallling between the upper trendline and the lower trendline in an uptrend direction,currently the price is on the lower trendline.I expect the price to continue towards the upperside upto the upto 117.25,in a move to complete

the impulsive wave 5,On the otherside if the price breaks below the lower trendline,I expect to pick a good long term sell position towards target level 112.60, or even much lower.

Trade Reccommendations:

We are buyers towarsds 117.25.

We are buyers towards 117.25.

 

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