01 June 2022, USD/JPY
During the previous trading days, the US Dollar tried rallying towards the lower side from the impulsive wave cycle three towards the lower side at the corrective wave cycle four, but the price rebounded towards the upper side at the impulsive wave cycle five. Right now the price is at the impulsive wave cycle five, I still expect a further bullish momentum towards 130.75 or even higher. If you are looking at this pair now look for buy positions from 129.21 towards 130.75.
Trade Recommendations:
We are buyers.