We're short | 27 Julio 2023

27 Julio 2023, USD/JPY

We're short

USDJPY has been bearish for the better part of yesterday, and it's still bearish now. The market is still in a corrective phase, specifically the ABC corrective pattern. Additionally, we can see that the market has formed a rising wedge, which is expanding in nature, making it a bearish pattern. We expect the market to continue dropping lower, at least down to 134.45. We will enter a sell trade immediately when the market breaks below the lower trendline of this rising wedge, likely at (139.64).

Trade Recommendations:

We're short for now

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.