Look for buy positions | 07 Marzo 2023
07 Marzo 2023, USD/JPY
USDJPY has been dropping from 137.05, the market is in a corrective phase,(ABC corrective pattern) and within these outer corrective waves, we have some minor waves. Within the other 3-wave corrective pattern, there is a minor impulsive 5-wave pattern that is not complete yet. The market has formed an expanding wedge at the major zone (136.48). The market has formed a double bottom at 135.60, this is a bullish pattern, I expect this pair to buy at least up to our minor corrective wave c, (139.95).
Trade Recommendations:
Look for buy positions
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.
