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We're short

We're short | 31 May 2023

31 May 2023, USD/JPY

USDJPY is still declining steadily. The price is currently in a corrective phase, following the ABC corrective pattern. It is forming the minor corrective wave "a", with our target set at (137.94). If you have any open trades, ensure that your take profit is set at 137.94 and the stop loss at (140.64). Please note that opening a new trade at this time carries significant risk. If the market reverses and breaks above 140.64, this setup will no longer be valid. Ensure you use proper risk management.

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We're short

Bob Stan
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