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Wait. | 18 May 2022

18 May 2022, USD/JPY

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Wave Analysis:

This pair is currently trading in a contracting wedge formation,the price has been trading within the upper and the lower trendline.Recently,the price bounced off from the upper trendline at corrective wave cycle four towards the lower trendline at the impulsive wave cycle five.I expect a further bearish momentum towards 127.95 or even much lower.If you are looking at this pair right now,wait for the price to break below the lower trendline then pick a sell with your ideal target at 127.95..

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Bob Stan
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