We're short for now | 21 Juni 2023

USDJPY is currently exhibiting a downward movement in line with our previous analysis on 21/6/2023. The market is still in the process of completing the corrective phase, and at the moment, the price is forming the minor wave "a," with a target set at 139.16. Given the current market conditions, entering a new sell trade could be considered risky. However, if you already have an active sell trade, it is advisable to monitor it closely. As the price drops, it may be prudent to adjust the stop loss to breakeven to protect potential profits. Additionally, you can consider setting the take-profit level at 139.16 to capture your desired target.

Trade Recommendations:

We're short for now