We're sellers for now | 14 Junio 2023
14 Junio 2023, USD/JPY
USDJPY is currently in a corrective phase, specifically the ABC corrective pattern. The market is forming the minor wave 'c', and upon completion of this wave, the corrective phase is expected to end. It is observed that the market has formed an expanding wedge, and at the current price level, there is a resistance zone. Additionally, a double-top pattern has formed, which is considered a bearish reversal pattern. Based on this analysis, you can consider placing a sell order with a take profit set at 138.12 and a stop loss at 140.34.
Trade Recommendations:
We're sellers 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.
