We are short. | 13 Junio 2022
13 Junio 2022, USD/JPY
Wave Analysis:
This pair is currently trading in an expanding wedge formation, During the previous trading days, the price rebounded from the impulsive wave cycle three towards the upper side at the corrective wave cycle four. As at now the price is on the upper trendline, I expect a further bearish momentum towards the lower trendline around 126.15 in continuation of the impulsive wave cycle five. Unless the price breaks above the upper trendline we remain sellers. If you are currently looking at this pair, pick a sell from 134.83 towards 126.15.
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.
