We are buyers towards 136.70. | 01 Julio 2022
01 Julio 2022, USD/JPY
Wave Analysis:
During the previous trading days, the price rallied from the upper trendline at the corrective wave cycle three towards the lower trendline at the impulsive wave cycle four. As at now the price is on the lower trendline, I expect a bullish momentum from 135.11 towards 136.70 in continuation of the impulsive wave cycle five. However, should the price break below the lower trendline then 134.95 would be a good place to pick a sell from but as of now we are buyers.
Trade Recommendations:
We are buyers towards 136.70.
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.
