USDJPY – Down
Perfectly as previously forecasted, the US Dollar rallied higher than expected and even went above the daily resistance level 111.040. This was a clear breakout and as long as the price remains above this level, we expect a possible rally to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should break above 114.460. If you’re not in a short position already, you should wait for minor pull backs to look for a low risk long position towards 114.460.
We’re long towards 114.460
Do you know against which currencies JPY is the most profitable?
More trading assets here…
You may check other analytical reviews on FreshForex website. Source: freshforex.com.