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We are short term buyers.

We are short term buyers. | 19 May 2022

19 May 2022, USD/JPY

We are short term buyers.

Wave Analysis:

During the previous trading days,the price rallied along the upper trendline for quite sometime,but then bounced off to the lower trendline at the impulsive wave cycle three.As at now,the price is rallying towards the upper trendline,I expect it to go upto 129.85 at the corrective wave cycle four then bounce back towards the lower trendline in continuation of the impulsive wave cycle five.If you are looking at this pair,pick a short term buy from 128.82 towards 129.85.

Trade Recommendations:

We are short term buyers.

Bob Stan
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