We are sellers towards 126.35. | 20 Abril 2022
20 Abril 2022, USD/JPY
Wave Analysis:
The price has been rallying towards the upper side for a while now,during the previous trading days,the price bounced off from the lower trendline and is currently on the upper trendline at the impulsive wave cycle five.The price is currently rebounding towards the lower side,and I expect it to continue upto the lower trendline, On the flipside,should the price break above the upper trendline then I expect a further bullish momentum.If you are looking at this pair right now,pick short term sell position from 128.57 towards 126.35.
Trade Recommendations:
We are sellers towards 126.35.
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.
