We are short term buyers towards 124.20. | 30 March 2022
30 March 2022, USD/JPY
Wave Analysis:
During the previous trading days, the US Dollar rallied within the upper and the lower trendline for quite sometime and eventually continued upwards massively in continuation of the impulsive wave cycle five.As at now, the price is trading within a converging wedge,I expect a rebound to the upper side from 121.89 towards 124.20.As long as the price remain in this wedge, look for short term buys and sell position depending with the price direction.
Trade Reccommendations:
We are short term buyers towards 124.20.
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.
