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We are short term sellers towards 128.80.

We are short term sellers towards 128.80. | 03 May 2022

03 May 2022, USD/JPY

Wave Analysis:

This pair is currently trading on an uptrend,the price has been trading within the upper and the lower trendline for a while now.During the previous trading days,the price rallied towards the upper side to the impulsive wave cycle three but then bounced off to the lower trendline in continuation of the corrective wave cycle four.Recently the price rebounded from the lower trendline towards the upper side in continuation of the impulsive wave cycle five,currently the price is rallying towards the lower trendline.As of now we are short term sellers from 130.16 towards 128.80.

Trade Recommendations:

We are short term sellers towards 128.80.

Bob Stan
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