We are buyers towards 132.45. | 29 April 2022

29 April 2022, USD/JPY

Wave Analysis:

This pair is trading on an uptrend,during the previous trading days,the price rallied along the lower trendline but eventually rebounded to the upper side at the impulsive wave cycle three.Recently the price bounced off from the upper trendline and its headed towards the lower trendline at the corrective wave cycle four.I expect the price to continue upto the lower trendline then rebound upwards towards 132.45 in continuation of the impulsive wave cycle five or even much higher.If you are looking at this pair right now we are buyers towards 132.45.

Trade Recommendations:

We are buyers towards 132.45.

Bob Stan
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