We're sellers towards 127.36 | 04 Abril 2023
04 Abril 2023, USD/JPY
USDJPY is currently very bullish, the market is forming the 5 major impulsive waves pattern. As we can see on the chart above the market formed an ascending channel from 129.63 to 133.65, this is a bearish reversal pattern. The price has already broken below the lower trendline of this ascending channel (Impulsively), this is a confirmation that this pair is/will drop at least up to the beginning of this ascending channel (129.63). I expect the price to drop up to 127.36, impulsive wave (V) is likely to end at this zone.
Trade Recommendations:
We're sellers towars 127.36
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.
