We are short. | 13 June 2022

13 June 2022, USD/JPY

We are short.

Wave Analysis:

This pair is currently trading in an expanding wedge formation, During the previous trading days, the price rebounded from the impulsive wave cycle three towards the upper side at the corrective wave cycle four. As at now the price is on the upper trendline, I expect a further bearish momentum towards the lower trendline around 126.15 in continuation of the impulsive wave cycle five. Unless the price breaks above the upper trendline we remain sellers. If you are currently looking at this pair, pick a sell from 134.83 towards 126.15.

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