Elliott waves analysis – We’re buyers for now

USDJPY – Down

Wave Analysis:

The US Dollar bounced off from the lower trendline headed straight to the upperside and is still showing signs of continuing to the upperside. On this chart, I am looking at nothing but a possible momentum to the upperside, if you are looking at this chart, look for low risk buy orders with an ideal target set along the upper trendline and may break and close above it towards 136.

Trade Recommendations:

We’re buyers for now

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