We're sellers for now but we're waiting for a bullish correction | 14 Julio 2023
14 Julio 2023, USD/JPY
USDJPY remains strongly bearish, with the market currently in a corrective phase following the ABC corrective pattern. The price is currently at the level of minor wave "a" at 137.86, which aligns with a notable support zone. Our analysis indicates the potential formation of a bullish reversal pattern, potentially a double bottom, in this area. In anticipation of this pattern, we anticipate a subsequent upward movement targeting the level of 140.78, which serves as the target for the minor corrective wave "b".
Trade Recommendations:
We're sellers for now but we're waiting for a bullish correction
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.
