We are on the sidelines | 15 Juni 2022

15 Juni 2022, USD/JPY

We are on the sidelines

Wave Analysis:

This pair has been trading within the upper and the lower trendline for a while, recently the price rebounded from the corrective wave cycle four towards the upper trendline at the impulsive wave cycle five. I expect a break above the upper trendline and a further bullish momentum. As at now the price is rallying towards the lower trendline, should it continue downwards, I expect it to go up to 134.00 then bounce back to the upper trendline.

Trade Recommendations:

We are on the sidelines

Bob Stan
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