We're long | 08 Marzo 2023
08 Marzo 2023, USD/JPY
USDJPY is very bullish, and the market is currently in a corrective phase (ABC corrective pattern). The market formed an expanding wedge pattern, a bullish pattern at,136.52. The price is currently at a major zone /resistance zone (137.10), I expect the market to break above this zone impulsively and also break the upper trendline with expanding wedge. You can place buy orders now with your profit target at 139.33. Should the market fail to break above the major zone (137.10), this set up will be invalidated.
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.
