USDJPY – Down
USDJPY has been on an uptrend since the begging of this week, the market is currently in a corrective phase, and the market is forming an expanding wedge at a major zone (135.30), we have two touches on the upper trendline of this expanding wedge and three touches on the lower trendline, we’re not expecting a third touch on the upper trendline as the likely to buy and probably break above the trendline. You can place buy orders now with your profit target at our minor corrective wave c (140.83).
Trade Recommendations:
We’re buyers
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
