Elliott waves analysis – We’re buyers towards 144.90.

USDJPY – Down

Wave Analysis

The US Dollar is currently headed to the upperside. As it is right now, I expect nothing but a possible long term buy position expecting a possible rally towards 140 and may likely extend much higher. As it is right now, buying the last impulsive wave (5) towards 144 is ideal. Otherwise, if the price breaks below 130.964, then this will a good place to consider a possible long term sell position with the next ideal target set at 137.522.

Trade Recommendations:

We’re buyers towards 144.90.

You may check other analytical reviews on FreshForex website. Source: freshforex.com.