We're buyers | 03 Marzo 2023
03 Marzo 2023, USD/JPY
USDJPY is in an uptrend, and the market is currently in a correct, phase(corrective 3-wave pattern). The market has formed an expanding wedge at the major zone (136.48), this is a bullish pattern, we already have two touches on both the lower trendline and upper trendline, since the market is at the upper trendline (137.03), the market can break above this zone then buy at least up to (139.06), Should the market be rejected at this zone 137.03, the price will probably drop at least up to 135.25.
Trade Recommendations:
We're buyers
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.
