We are buyers towards 132.90. | 09 May 2022
09 May 2022, USD/JPY
Wave Analysis:
The US Dollar has been trading within the upper and lower trendline for a while now,during the previous trading days,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 rallying towards the upper side,I expect it to continue up to the upper trendine or even much higher in continuation of the impulsive wave cycle five.
Trade Reccommendation:
We are buyers towards 132.90.
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.
