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We are sellers towards 126.55.

We are sellers towards 126.55. | 24 May 2022

24 May 2022, USD/JPY

We are sellers towards 126.55.

Wave Analysis:

This pair has been trading within the upper and the lower trendline for sometime now,recently the price rebounded from the corrective wave cycle three towards the upper side at the impulsive wave cycle four.As at now,the price is on the upper trendline,I expect it to bounce back to the lower side towards 126.55 or even much lower in continuation of the impulsive wave cycle five.If you are currently looking at this pair, pick a sell from 127.65 towards 126.55.

Trade Recommendations:

We are sellers towards 126.55.

Bob Stan
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