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We are buyers. | 12 May 2022

12 May 2022, USD/JPY

We are buyers.

Wave Analysis:

The US Dollar is curently on an uptrend,recently the price rebounded from the lower trendline towards the upper side in continuation of the impulsive wave cycle five.As at now the price bounced off from the upper trendline and is on the lower trendline,I expect a rebound towards the upper side in line with the uptrend.On the flipside,should the price break below the lower trendline,then 129.25 would be a good place to pick a sell from with the first ideal target at 126.95.

Trade Recommendations;

We are buyers.

Bob Stan
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