We are on the sidelines | 15 June 2022
15 June 2022, USD/JPY
Wave Analysis:
This pair has been trading within the upper and the lower trendline for a while, recently the price rebounded from the corrective wave cycle four towards the upper trendline at the impulsive wave cycle five. I expect a break above the upper trendline and a further bullish momentum. As at now the price is rallying towards the lower trendline, should it continue downwards, I expect it to go up to 134.00 then bounce back to the upper trendline.
Trade Recommendations:
We are on the sidelines
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.
