We are buyers towards 136.55. | 20 Junio 2022
20 Junio 2022, USD/JPY
Wave Analysis:
The US Dollar is currently trading on an uptrend in this hourly chart, during the previous trading days the price bounced off from the upper trendline towards the lower side at the corrective wave cycle four. Right now, the price is on the lower trendline, I expect rebound towards the upper trendline around 136.55 in continuation of the impulsive wave cycle five. On the flipside, should the price break below the lower trendline, then we will become sellers with the first ideal target at 132.55.
Trade Recommendations:
We are buyers towards 136.55.
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.
