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We're short

We're short | 26 April 2023

26 April 2023, USD/JPY

USDJPY is currently on a bearish trend, having dropped for the last 24 hours. The market is currently in a corrective phase, exhibiting the ABC corrective pattern. I anticipate that this pair will drop down to 132.52, which is where I expect the corrective phase to end. Additionally, there is a major support zone at 133.56. We expect the price to break below this zone impulsively, failure to which this step will be invalidated. You can place sell orders now, with your take profit at 132.52 and stop loss at 134.13.

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We're short

Bob Stan
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