We're looking for sell positions | 29 Marzo 2023
29 Marzo 2023, USD/JPY
USDJPY is dropping nicely just as we predicted in our previous analysis (3/28/2023). The pair is forming the impulsive (V) wave pattern, with the market moving in a descending channel (a bullish reversal pattern) since the beginning of the major impulsive wave (I) at 133.02. It is expected that the market will continue to drop, potentially reaching a low of 127.89, which would mark the end of the impulsive (V) wave pattern. You may consider placing sell trades now with a take profit at (127.89) and a stop loss at (131.16).
Trade Recommendations:
We're looking for sell 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.
