We're short | 30 June 2023

30 June 2023, USD/JPY

We're short

USDJPY has completed the impulsive phase and is currently in a corrective phase, specifically the ABC corrective pattern. The formation of an ascending channel from 142.93 to 144.89 is seen as a bearish reversal pattern, indicating a potential downtrend in the market. Additionally, the market forming a double top at 144.89 further confirms the bearish outlook. Based on this analysis, you can consider placing a sell order with a take profit target at 142.33, which is identified as the target for the completion of the minor wave "a".

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 .