We're short | 11 January 2023

11 January 2023, USD/JPY

Wave Analysis

USDJPY has already completed forming the V wave wave pattern and is currently correcting to the downside, the market is currently at the minor wave a, and we're likely to see a double top at around price 132.648, this will be a clear sign that the sellers are in control, we can place a sell from there, with a tight stop loss at 133.295 and the take profit at 128.190 which is likely to be the end of minor corrective wave c and end of major wave V, if the price breaks above area 132.629, the setup will be invalidated and we will be now looking for buy opportunities.

Trade Recommendations:

We're short

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus