We're short | 13 Abril 2023
13 Abril 2023, USD/JPY
USDJPY is currently very bearish, As we can see on the chart above, the price reacted to the double top which was formed at a major zone/resistance zone. The price is currently forming the impulsive "V" wave pattern. Currently, the market is forming the impulsive wave V, and since we have a sell confirmation. I expect this pair to drop up to 126.70. to We can place a sell order now with our take profit at 126.70 and stop loss at 133.37. Lastly, should the market break above 134.05, this setup will be invalidated.
Trade Recommendations:
We're short
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.
