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We're sellers for now

We're sellers for now | 05 July 2023

05 July 2023, USD/JPY

We're sellers for now

USDJPY is presently exhibiting strong bearish momentum, aligning with our previous analysis from yesterday (7/4/2023). As a result, the pair remains within a corrective phase, with the formation of the minor wave "a" currently underway. Our projected target for this corrective wave is at 142.50. If you have already entered a sell trade and it is currently generating a profit, it is advisable to adjust your stop loss to the breakeven point, safeguarding your gains. Additionally, for those who have yet to enter the market, you can still consider placing a sell order at the current market price, with a take profit set at 142.50.

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We're sellers for now

Bob Stan
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