USDJPY – Down
During the previous trading days, the price rallied towards the upper trendline at the impulsive wave cycle three but then bounced off towards the lower trendline at the corrective wave cycle four. Right now the price is rallying towards the upper side, I expect it to go up to around 135.65 or even higher in continuation of the impulsive wave cycle five. Unless the price breaks below the lower trendline we remain buyers. If you are looking at this pair right now pick a buy from 135.29 towards 135.65.
We are buyers towards 135.65.
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