USD/JPY Forecast: expect a rebound from the lower trendline towards the upper side

jpy_2_newsWave Analysis:

The US Dollar is on an uptrend the current bearish rally is a continuation of the corrective wave cycle four,From where the price is now we expect a rebound from the lower trendline towards the upper side to mark an end to the impulsive wave cycle five.On this chart at the moment only buy positions looks ideal and can safely be reccommended,unless the price breaks and closes below the lower trendline,then we will be looking for sell position.

Trade Reccommendations:

We are buyers from113.72 to 117.00.

Origin: FreshForex

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