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Wait. | 06 May 2022

06 May 2022, USD/JPY

Wave Analysis;

This pair is currently trading in an expanding wedge formation,the price has been rallying within the upper and the lower trendline.During the previous trading days,the price rebounded from the lower trendline at the corrective wave cycle four towards the upper side in continution of the impulsive wave cycle five.Right now the price is on the upper trendline, I expect a further bullish momentum.If you are looking at this pair now, wait for a clear break above the upper trendline then pick a buy position.

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Bob Stan
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