We are short. | 17 Junio 2022
17 Junio 2022, USD/JPY
Wave Analysis:
During the previous trading days,the price rallied around the upper trendline at the corrective wave cycle two for a while but later bounced off to the lower trendline at the impulsive wave cycle three. The price then rebounded to the upper trendline at the corrective wave cycle four, currently the price is on the upper trendline, I expect it to bounce back towards 130.55 in continuation of the impulsive wave cycle five. However, should the price break above the upper trendline, then we automatically become buyers with the first ideal target at 135.35.
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.
