We're sellers towards 129.40 | 20 Marzo 2023
20 Marzo 2023, USD/JPY
Wave Analysis
USDJPY is dropping. and the market is in a corrective phase (ABC corrective pattern). The market is forming lower highs and lower lows, meaning the market is in a downtrend and probably the market is forming a new trend. The price is likely to move in form of a descending channel from (129.92),(bullish reversal pattern). If you have any open sell trade, I would advise you to hold it and place your take profit at 129.922 as this zone is likely to be the end of the corrective phase and also of the minor corrective wave c.
Trade Recommdations:
We're sellers towards 129.40
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.
