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.


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.
Bob Stan
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