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We are buyers towards 132.45.

We are buyers towards 132.45. | 10 May 2022

10 May 2022, USD/JPY

We are buyers towards 132.45.

Wave analysis:

During the previous forecast, we had anticipated that the price will continue upwards towards the upper trendline in continution of the impulsive wave cycle five.Right now the price is on the lower trendline,I still expect a further bullish momentum from 130.47 towards 132.45.However,should the price break below the lower trendline, then 129.80 would be a good place to pick a sell from with our first ideal target at 127.15.

Trade Recommendations:

We are buyers towards 132.45.

Bob Stan
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