We are sellers towards 126.25. | 16 May 2022
16 May 2022, USD/JPY
Wave Analysis:
During the previous days,the price rebounded from the lower side at the impulsi ve wave cycle three towards the upper side at the corrective wave cycle four.Right now,the price is rallying towards the lower side,I expect it to continue upto the lower trendline in continuation of the impulsive wave cycle five.If you are looking at this pair right now,pick a sell from 129.01 towards 126.25.
Trade Recommendations:
We are sellers towards 126.25.
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.
