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We're short

We're short | 07 July 2023

07 July 2023, USD/JPY

We're short

USDJPY is currently experiencing a decline as it remains in the corrective phase, following the ABC corrective pattern. Our expectation is for the market to continue its downward movement, potentially reaching the target level of 142.47, which we have identified as our minor wave 'a'. To take advantage of this potential opportunity, you may consider placing a sell order at the current market price, setting your take profit at 142.47, and implementing a stop loss at 144.34. If you already have an active sell trade that is currently in profit, it would be prudent to adjust your stop loss to breakeven to secure your gains.

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We're short

Bob Stan
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