We're buyers for now | 10 Julio 2023
10 Julio 2023, USD/JPY
USDJPY has experienced a significant drop in line with our previous analysis from the week of 7/7/2023. The market remains in a corrective phase, with the current price at the level of minor wave 'a' at 142.06. Our expectation is for the market to form a double bottom pattern at this zone and subsequently reverse to the upside, targeting a minimum level of 144.04. It is important to monitor the price action closely, as a decisive break below 141.95 would invalidate this setup, requiring a reassessment of the market conditions.
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We're buyers 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.
