We're long | 08 Febrero 2023
08 Febrero 2023, USD/JPY
USDJPY is on a downtrend. The market has been moving in form of a descending channel from major wave (I),138.43 to (129.72). The market is currently moving in form of a corrective 3-wave pattern. The price has already broken out of the upper trendline of this channel and has retested at (130.46). This has increased the probability of this pair buying. Again, there was a major zone at (130.46), the market has broken above this level and retested. I expect this pair to buy up to around,(135.07). We will mark this level as our major corrective wave c.
Trade Recommendations:
We're long
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
