We're short | 05 Junio 2023
05 Junio 2023, USD/JPY
USDJPY is currently very bearish. The price is in a corrective phase, following the ABC corrective pattern. Based on the chart above, the market is presently at the minor corrective wave "B" level of 140.05. I anticipate that the market will form a double top pattern at this zone and subsequently decline, reaching at least our target for the minor wave "C" at 137.65. Reaching this zone will signify the completion of the corrective phase. We will wait for the market to form a double top pattern before considering entering a sell trade.
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.
