We are buyers towards 129.75. | 05 May 2022
05 May 2022, USD/JPY
Trade Recommendations:
Wave Analysis;
This pair has been trading within the upper and the lower trendline for sometime now,during the previous trading days, the price rallied along the upper trendline but it eventually bounced off towards the lower trendline in continuation of the impulsive wave cycle three.As at now,the price is rallying around the lower trendline I expect a rebound towards the upper trendline around 129.75 in continuation of the corrective wave cycle four.If you are looking at this pair now,pick a buy from 129.24 towards 129.75.
Trade Recommendations:
We are buyers towards 129.75.
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.
