We are short. | 08 June 2022

08 June 2022, USD/JPY

Wave Analysis;

The US Dollar is currently trading in an expanding wedge formation, the price has been trading within the upper and the lower trendline and currently the price is on the upper trendline. I expect a further bearish momentum towards 126.45 in continuation of the impulsive wave cycle five. On the flipside, should the price break above the upper trendline, then 134.20 would be a good place to pick a buy from. As at now, we are sellers from 133.17 towards 126.45.

Trade Recommendations:

We are short.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus