USDJPY-Weekly Market Analysis-May22,Wk1

As early as 14Oct2021, I've said that the USD is going to appreciate for the year 2022. That doesn't mean that you can't head in for any counter-trend move, you just have to do it with caution.

At 131.57, USDJPY will have an AB=CD completion, it is common for traders to look for a countertrend move at its completion.

Conservative traders could wait for a Double Top with RSI Divergence at the level. Trend Traders could wait for the Bullish Shark Pattern at the 4-hourly chart.