We're buyers | 02 March 2023
02 March 2023, USD/JPY
USDJPY has been on an uptrend since the begging of this week, the market is currently in a corrective phase, and the market is forming an expanding wedge at a major zone (135.30), we have two touches on the upper trendline of this expanding wedge and three touches on the lower trendline, we're not expecting a third touch on the upper trendline as the likely to buy and probably break above the trendline. You can place buy orders now with your profit target at our minor corrective wave c (140.83).
Trade Recommendations:
We're buyers
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.
