17 Januari 2022, USD/JPY
Wave Analysis:
Previously this pair bounced back from the upper trendline directly to the lower side, currently the price is at the lower trendline I am expecting strong bullish momentum to the upper side up to the upper trendline in a move to complete impulsive wave 5 with my ideal target at 117.05 from 114.45.On the flipside if the current candle breaks and closes below the lower trendline we expect to continue downwards 109.90.
Trade Recommendations:
We are buyers from the lower trendline up to 117.05.