USDJPY – Down
Wave Analysis:
During the previous forecast, we had anticipated a rebound from the lower trendline at the corrective wave four towards the upper trendline in continuation of the impulsive wave cycle five. As at now the price is within the two trendlines in a contracting wedge formation, If you are looking at this pair right now wait for a break below the lower trendline or above the upper then pick a buy or a sell according to the direction of the price.
Trade Recommendations:
Wait.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
