Wait for a clear sign to pick a sell or buy. | 24 January 2022

24 January 2022, USD/JPY

Wave Analysis:

This pair bounced off from the lower trendline and is currently around the upper trendline in complition of the impulsive wave count.if the price can break and close above the upper trendline,then we will be looking for a possible long term buy position with ideal target set at 114.45.And if the price rebounds from the the upper trendline towards the lowerside,we will be looking for a possible long term sell position.

Trade Reccommendations:

Wait for a clear sign to pick a sell or buy.

Bob Stan
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