Wait. | 18 May 2022
18 May 2022, USD/JPY
Wave Analysis:
This pair is currently trading in a contracting wedge formation,the price has been trading within the upper and the lower trendline.Recently,the price bounced off from the upper trendline at corrective wave cycle four towards the lower trendline at the impulsive wave cycle five.I expect a further bearish momentum towards 127.95 or even much lower.If you are looking at this pair right now,wait for the price to break below the lower trendline then pick a sell with your ideal target at 127.95..
Trade Recommendations:
Wait.
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.
