Elliott waves analysis – We’re sellers towards 128.500

USDJPY – Down

Wave Analysis:

During the previous trading day, the US Dollar is still below 130.941, we expect nothing but a possible momentum to the lowerside is expected towards128.90 and may continue much to the lowerside.If the price breaks and closes above 130.941, then this will be a good place to consider a possible long term buy position with the next ideal target set around 133.736 and may continue much higher and may extend much higher.
Trade Recommendations:
We’re sellers towards 128.500

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