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We are buyers.

We are buyers. | 04 July 2022

04 July 2022, USD/JPY

We are buyers.

Wave Analysis:

During the previous forecast we had anticipated a bearish momentum towards the upper trendline in continuation of the impulsive wave cycle five. The price is still rallying around the lower trendline, I still expect a rebound towards 136.70 or even higher in continuation of the impulsive wave cycle five. However should the price break below the lower trendline then 134.70 would be a good place to pick a sell from.

Trade Recommendations:

We are buyers.

Bob Stan
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