We are long. | 12 Julio 2022
12 Julio 2022, USD/JPY
Wave Analysis:
The price has been trading within the upper and the lower trendline for quite some time, recently the price bounced off from the upper trendline at the impulsive wave cycle three towards the lower side at the corrective wave cycle four. Right now, the price is at the lower trendline, I expect a rebound towards the upper side in continuation of the impulsive wave cycle five. On the flipside, should the price break below the lower trendline, then we will be short. If you are looking at this pair right now, pick a buy from 137.33 towards 138.35.
Trade Recommendations:
We are long.
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.
