We are long. | 03 Junio 2022
03 Junio 2022, USD/JPY
Wave Analysis:
This pair is currently trading in an expanding wedge formation, the price bounced off from the impulsive wave cycle three towards the lower side at the corrective wave cycle four, during the previous trading days. As at now, the price is on the lower trendline, I expect a further bullish momentum towards 132.20 in continuation of the impulsive wave cycle five . On the flipside should the price break below the lower trendline, then 129.50 would be a good place to pick a sell from with the first ideal target at 128.15.
Trade Recommendations:
We are long.
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.
