USDJPY – Down
Wave Analysis:
During the previous forecast we had anticipated a bearish momentum towards the upper trendline in continuation of the impulsive wave cycle five. The price is still rallying around the lower trendline, I still expect a rebound towards 136.70 or even higher in continuation of the impulsive wave cycle five. However should the price break below the lower trendline then 134.70 would be a good place to pick a sell from.
Trade Recommendations:
We are buyers.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
