We are short term buyers towards 128.25. | 27 April 2022

27 April 2022, USD/JPY

We are short term buyers towards 128.25.

Wave Analysis:

This pair has been trading within the upper and the lower trendline for a while now,recently the price bounced off from the upper trendline at the corrective wave cycle two towards the lower trendline at the impulsive wave count three.Currently the price is ralling to the upper side,I expect it to go upto the upper trendline at the corrective wave cycle four then rebound towards the lower side in continuation of the impulsive wave cycle five.If you are looking at this pair right now,look for short term buy position from 127.62 towards 128.25.

Trade Recommendations:

We are short term buyers towards 128.25.

Bob Stan
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