USD/JPY Forecast: US Dollar is on a downtrend on this four hour chart

news_22_feb_1_usd_jpy-Wave Analysis:

Currently the US Dollar is on a downtrend on this four hour chart,the price has been rallying along the upper trendline and it has bounced back to the lower trendline.I expect the price to go upto 114.95 from the lower trendline,then continue to the lower side

upto 112.75,to complete impulsive wave 5.Alternatively if the price breaks below 113.73,this would be a good sell place position,with ideal target upto 112.75 or even lower.

Trade Recccommendations:

We are sellers from 114.85 to 112.45.

We are sellers from 114.85 to 112.45.

Origin: FreshForex

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