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We are buyers towards 132.00.

We are buyers towards 132.00. | 02 May 2022

02 May 2022, USD/JPY

We are buyers towards 132.00.

Wave Analysis:

The US Dollar has been trading within the upper and the lower trendline for quite sometime now,previously the price bounced off from the upper trendline at the impulsive wave cycle three towards the lower side at the corrective wave cycle four.Right now the price is around the lower trendline rallying towards the upper side,I expect a further momentum towards the upper side at 132.00 or even much higher in continuation of the impulsive wave cycle five.

Trade Recommendations:

We are buyers towards 132.00.

Bob Stan
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