USD/JPY Forecast: US dollar rallied to the upper side

jy-l3Wave Analysis:

During the previous trading day the US dollar rallied to the upper side and the price is currently on the upper trendline,we expect a rebound from the upper trendline towards 112.20 or even much lower.On the flipside should the price break and close above the upper trendline,we expect a massive bullish momentum towards 116.05.

Trade Reccommendations:

We are sellers with our ideal target at112.20.

We are sellers with our ideal target at112.20.

Origin: FreshForex

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