We're sellers | 31 Marzo 2023
31 Marzo 2023, USD/JPY
USDJPY is currently very bearish, with the price at a major impulsive wave (IV) of 132.85. The market has been moving in the form of a descending wedge that is expanding from 132.99 to where the market currently stands. Within this expanding wedge, an ascending channel has formed, which is also a bearish reversal pattern. Furthermore, the pair has formed a double top at a major resistance zone of 132.84, indicating a very bearish sentiment. You may place a sell order and set your take profit at 127.36.
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.
