We are buyers towards 124.10. | 05 April 2022
05 April 2022, USD/JPY
Wave Analysis:
During the previous trading days, the US Dollar rallied towards the lower trendline for a while,right now the price is on the lower trendline at the corrective wave cycle four.I expect a bullish momentum to the upper side towards 124.10 or even much higher. The anticipated bullish momentum is as a result of the continuation of the impulsive wave cycle five.On the flipside, should the price break below the lower trendline, we expect to continue short and 122.35 would be a good place to look for sell positions.
Trade Reccommendations:
We are buyers towards 124.10.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
