We are short. | 27 July 2022

27 July 2022, USD/JPY

We are short.

Wave Analysis:

This pair is currently trading on a downtrend, previously the price rebounded from the impulsive wave cycle three at the lower trendline towards the corrective wave cycle four on the upper trendline ,where the price is currently at. I expect the price to bounce back from 136.93 towards the lower trendline around 134.40 in continuation of the impulsive wave cycle five. However, should the price break above the upper trendline, then the bulls will be in control but as of now we are sellers.

Trade Recommendations:

We are short.

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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 .