We are short term buyers towards 128.25. | 27 Abril 2022
27 Abril 2022, USD/JPY
Wave Analysis:
This pair has been trading within the upper and the lower trendline for a while now,recently the price bounced off from the upper trendline at the corrective wave cycle two towards the lower trendline at the impulsive wave count three.Currently the price is ralling to the upper side,I expect it to go upto the upper trendline at the corrective wave cycle four then rebound towards the lower side in continuation of the impulsive wave cycle five.If you are looking at this pair right now,look for short term buy position from 127.62 towards 128.25.
Trade Recommendations:
We are short term buyers towards 128.25.
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.
