We are short. | 08 Junio 2022
08 Junio 2022, USD/JPY
Wave Analysis;
The US Dollar is currently trading in an expanding wedge formation, the price has been trading within the upper and the lower trendline and currently the price is on the upper trendline. I expect a further bearish momentum towards 126.45 in continuation of the impulsive wave cycle five. On the flipside, should the price break above the upper trendline, then 134.20 would be a good place to pick a buy from. As at now, we are sellers from 133.17 towards 126.45.
Trade Recommendations:
We are short.
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.
