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We're sellers | 23 March 2023

23 March 2023, USD/JPY

We're sellers

USDJPY is still dropping nicely. This pair is in a corrective phase (ABC corrective pattern). The market is forming a new trend, From 133.02, we can clearly see that the market has been moving in the form of a descending channel and so far we have two touches on both the lower trendline and the upper trendline. I expect the third touch to e at the end of this corrective phase which is at 129.81. You can still place sell orders now with your tale profit at 129.81. If you have any open sell trade, hold it, your take profit should be at 129.81.

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We're sellers

Bob Stan
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