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We are short term sellers towards 121.57.

We are short term sellers towards 121.57. | 06 Abril 2022

06 Abril 2022, USD/JPY

We are short term sellers towards 121.57.

Wave Analysis:

The US Dollar previously moved to the upper side masssively in continuation of the impulsive wave cycle five.The price is currently in a corrective move,I expect a rebound from the corrective wave (b) to wave (c) then bounce back to the upper side.As long as the price remains above the resistance level 122.01-121.57,we are buyers,if you are looking at this pair right now pick a short term sell positon from 123.94 towards 121.57.

Trade Reccommendations:

We are short term sellers towards 121.57.

Bob Stan
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