We're sellers. | 17 March 2023
17 March 2023, USD/JPY
USDJPY is currently very bearish, and the market is in a corrective phase (ABC corrective pattern). The market is forming lower highs and lower lows, meaning the market is in a downtrend and probably the market is forming a new trend. The price is likely to move in form of a descending channel from (129.92),(bullish reversal pattern). I expect this pair to continue to drop up to the end of the minor corrective wave c,(129.92). You can open a sell trade now with your profit target at (129.92), and stop loss at 133.96.
Trade Recommendations:
We're sellers.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
