15 June 2022, USD/JPY
Wave Analysis:
This pair has been trading within the upper and the lower trendline for a while, recently the price rebounded from the corrective wave cycle four towards the upper trendline at the impulsive wave cycle five. I expect a break above the upper trendline and a further bullish momentum. As at now the price is rallying towards the lower trendline, should it continue downwards, I expect it to go up to 134.00 then bounce back to the upper trendline.
Trade Recommendations:
We are on the sidelines