We're sellers | 23 Marzo 2023
23 Marzo 2023, USD/JPY
USDJPY is still dropping nicely. This pair is in a corrective phase (ABC corrective pattern). The market is forming a new trend, From 133.02, we can clearly see that the market has been moving in the form of a descending channel and so far we have two touches on both the lower trendline and the upper trendline. I expect the third touch to e at the end of this corrective phase which is at 129.81. You can still place sell orders now with your tale profit at 129.81. If you have any open sell trade, hold it, your take profit should be at 129.81.
Trade Recommendations:
We're sellers
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.
