We're buyers | 03 March 2023

03 March 2023, USD/JPY

We're buyers

USDJPY is in an uptrend, and the market is currently in a correct, phase(corrective 3-wave pattern). The market has formed an expanding wedge at the major zone (136.48), this is a bullish pattern, we already have two touches on both the lower trendline and upper trendline, since the market is at the upper trendline (137.03), the market can break above this zone then buy at least up to (139.06), Should the market be rejected at this zone 137.03, the price will probably drop at least up to 135.25.

Trade Recommendations:

We're buyers

Bob Stan
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