We are buyers towards 132.00. | 02 May 2022
02 May 2022, USD/JPY
Wave Analysis:
The US Dollar has been trading within the upper and the lower trendline for quite sometime now,previously 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 around the lower trendline rallying towards the upper side,I expect a further momentum towards the upper side at 132.00 or even much higher in continuation of the impulsive wave cycle five.
Trade Recommendations:
We are buyers towards 132.00.
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.
