20 Junio 2023, USD/JPY
USDJPY is currently positioned at major impulsive wave "V" around 141.99. At this zone, a double-top pattern has formed, indicating a potential end to the uptrend and the initiation of a corrective phase. Given this analysis, it would be appropriate to consider entering sell orders. A recommended take-profit level for these sell positions is set at 139.32, which aligns with our target for minor wave "a". However, it is crucial to monitor the market closely and be mindful of potential changes in price dynamics. This setup will remain valid as long as the price does not break above 141.99.
Trade Recommendatiions:
We're short