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We are buyers from 115.14 towards 116.25.

We are buyers from 115.14 towards 116.25. | 25 February 2022

25 February 2022, USD/JPY

We are buyers from 115.14 towards 116.25.

Wave Analysis:

During the previous trading hours, the US Dollar bounced off from the upper tredline towards the lower side in a move to correct the impulsive wave cycle three.The price is on the lower trendline as at now, I expect a rebound to the upper side towards 116.25, in continuation of the impulsive wave count five,However, should the price break clearly below the lower trendline,then we expect to go short upto around 114.45.But, as of now we are buyers.

Trade Analysis:

We are buyers from 115.14 towards 116.25.

Bob Stan
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