We are buyers towards 128.70.

23 5月 2022, USD/JPY

We are buyers towards 128.70.

Wave Analysis:

Previously the price rallied from the lower trendline at the impulsive wave cycle one towards the upper side at the corrective wave cycle two.It then bounced back and right now it's ralllying around the lower trendlne at the impulsive wave cycle three. I expect a further bullish momentum towards the upper trendline at the corrective wave cycle four,then a bounce back to the lower side in continuation of the impulsive wave cycle five.If you are looking at this pair right now,pick a buy from 127.48 towards 128.70.

Trade Recommendations;

We are buyers towards 128.70.

Graham Osano
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