We're buyers | 09 Marzo 2023
09 Marzo 2023, USD/JPY
USDJPY has been bullish since the beginning of this week. The market is currently in a corrective phase (ABC corrective pattern). As we can see on the chart above, the market formed an expanding wedge pattern, a bullish pattern at,136.52. The price is broke above a major zone /resistance zone (137.10) and retested. This has increased the probability of this pair buying. You can place a sell order now with your profit target at 139.63. Should the market break below the major zone (137.10). This setup will be invalidated.
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.
