We're short | 31 May 2023
31 May 2023, USD/JPY
USDJPY is still declining steadily. The price is currently in a corrective phase, following the ABC corrective pattern. It is forming the minor corrective wave "a", with our target set at (137.94). If you have any open trades, ensure that your take profit is set at 137.94 and the stop loss at (140.64). Please note that opening a new trade at this time carries significant risk. If the market reverses and breaks above 140.64, this setup will no longer be valid. Ensure you use proper risk management.
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.
