We're sellers | 16 June 2023

16 June 2023, USD/JPY

We're sellers

USDJPY is currently very bearish. The market is in a corrective phase. The price is currently declining, suggesting a bearish sentiment in the market. Based on this analysis, it is expected that the market will continue to drop, potentially reaching the level of 139.01. This level corresponds to the projected target for the minor wave "a" within the corrective pattern. Following the completion of the minor wave "a," it is anticipated that the market will undergo a corrective movement, possibly in the form of a bearish continuation pattern such as an expanding wedge or a rising wedge.

Trade Recommendations:

We're sellers

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 .