We are buyers. | 12 May 2022
12 May 2022, USD/JPY
Wave Analysis:
The US Dollar is curently on an uptrend,recently the price rebounded from the lower trendline towards the upper side in continuation of the impulsive wave cycle five.As at now the price bounced off from the upper trendline and is on the lower trendline,I expect a rebound towards the upper side in line with the uptrend.On the flipside,should the price break below the lower trendline,then 129.25 would be a good place to pick a sell from with the first ideal target at 126.95.
Trade Recommendations;
We are buyers.
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.
