We are short. | 13 Juni 2022

13 Juni 2022, USD/JPY

We are short.

Wave Analysis:

This pair is currently trading in an expanding wedge formation, During the previous trading days, the price rebounded from the impulsive wave cycle three towards the upper side at the corrective wave cycle four. As at now the price is on the upper trendline, I expect a further bearish momentum towards the lower trendline around 126.15 in continuation of the impulsive wave cycle five. Unless the price breaks above the upper trendline we remain sellers. If you are currently looking at this pair, pick a sell from 134.83 towards 126.15.

Trade Recommendations:

We are short.

Bob Stan
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