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We are sellers towards 125.85.

We are sellers towards 125.85. | 26 May 2022

26 May 2022, USD/JPY

We are sellers towards 125.85.

Wave Analysis:

Previously,the price rebounded from the impulsive wave cycle three towards the upper side at the corrective wave cycle four.Right now the price is on the upper trendline,I expect a further bearish momemtum towards 125.85 or even much lower.On the flipside,should the price break above the upper trendline,then 127.60 would be an ideal place to pick abuy from,with the first ideal target at 128.85.As of now we are sellers from 127.39 towards 125.85.

Trade Recommendations:

We are sellers towards 125.85.

Bob Stan
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