USD/JPY Forecast: pair bounced back from the upper trendline

jpy_1_newsWave Analysis:

This pair bounced back from the upper trendline to the lower trendline in corrective wave 4 and is currently headed upwards,I expect the price to continue upto level 116.75.We are on an up trend and the price might break above the upper trendline and continue even much higher,We should expect long term buy positions in this pair.

Trade Reccommendation:

We are buyers with an ideal target at 116.75.

Origin: FreshForex

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