We are buyers towards 132.45. | 10 May 2022
10 May 2022, USD/JPY
Wave analysis:
During the previous forecast, we had anticipated that the price will continue upwards towards the upper trendline in continution of the impulsive wave cycle five.Right now the price is on the lower trendline,I still expect a further bullish momentum from 130.47 towards 132.45.However,should the price break below the lower trendline, then 129.80 would be a good place to pick a sell from with our first ideal target at 127.15.
Trade Recommendations:
We are buyers towards 132.45.
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.
