We're short for now | 12 Abril 2023
12 Abril 2023, USD/JPY
USDJPY has been moving nicely just as we had predicted in our previous analysis (11/4/2023). The price has formed a double top at a resistance zone (133.71). Normally, when the price forms a reversal pattern like a double top at a major zone, then it means that there are high chances of the pair dropping. So since the market is forming the impulsive "V".I expect this pair to drop at least up to 126.70 to complete this impulsive phase. You can place sell orders now with your take profit at 126.70 and stop loss at 134.05.
Trade Recommendations:
We're short for now
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.
