We're buyers for now | 06 Marzo 2023

06 Marzo 2023, USD/JPY

We're buyers for now

Wave Analysis

USDJPY is in a corrective phase (ABC corrective pattern). This pair has been on an uptrend since last week. The market has formed an expanding wedge at the major zone (136.48). The market is currently dropping after the 3rd touch on the upper trendline of this expanding wedge. And since we have two touches on a lower trendline I expect the market to drop at least up to 134.69 for a third touch and then buy up to 138.96. Lastly, the market can fail to break below 135.26 and instead form a double bottom and then reverse to the upside.

Trade Recommendations:

We're buyers for now

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus