We are sellers. | 30 May 2022

30 May 2022, USD/JPY

We are sellers.

Wave Analysis:

The US Dollar is currently trading in a contracting wedge formation, previously the price rallied towards the upper side at the corrective wave cycle four from the impulsive wave cycle three. Currently, the price is on the upper trendline, I expect a bearish momentum towards 125.25 or even much lower in continuation of the impulsive wave cycle five. Alternatively, if the price breaks above the upper trendline, then 127.50 would be a good place to pick a buy from with the first ideal target at 129.30.If you are looking at this pair now, pick a sell from 126.99 towards 125.25.

Trade Recommendations:

We are sellers.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .