USDJPY – Down
Wave Analysis
During the previous trading day, the US Dollar traded intensely to the lowerside and even went below the lower supportive trendline, as long as the price remains below this trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the corrective three wave cycle to the lowerside and should breakout below 112.404. If this target is broken, then further momentum to the lowerside is expected. According to the hourly chart above, only a clear breakout above 113.050 will attract a long position.
Trade Recommendations:
we’re short towards 112.404.
101% Double the volume
!Attention!
All bonus participates in drawdown!
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