We are buyers. | 04 Abril 2022
04 Abril 2022, USD/JPY
Wave Analysis:
The US Dollar is currently trading on an expanding wedge formation, the price has been moving towards the upper side in line with the upward trend. Recently, the price bounced off to the lower trendline from the upper trendline in continuation of corrective wave cycle four.I expect a rebound to the upper side towards 126.75.However should the price break below the lower trendline, then 121.15 would be a good place to pick sell positions with our first ideal target at 115.30.
Trade Recommendations:
We are buyers.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
