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We're short

We're short | 25 July 2023

25 July 2023, USD/JPY

We're short

USDJPY is currently very bearish, and the market is dropping nicely just as we had predicted in our previous analysis on 7/24/2023. The market is still in a corrective phase (ABC corrective pattern), and currently, it is forming the minor wave "C," with our target set at 134.65. Reaching this price zone will mark the end of the corrective phase. You can place a sell order now with your stop loss at 141.78 and take a profit at 134.65. And if you're holding a sell trade, just move the stop loss to breakeven.

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We're short

Bob Stan
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