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We're short for now

We're short for now | 26 July 2023

26 July 2023, USD/JPY

We're short for now

USDJPY is currently very bearish. The market is dropping pretty slowly but we are sure it will reach our target which is at 134.65. The market is still in a corrective phase (ABC corrective pattern), currently, the market is forming the minor wave "C", which our target for is at 134.65, the price reaching this zone will mark the end of the corrective phase. You can place a sell order now with your stop loss at 141.78 and place take profit at f 134.65. And if your holding a sell trade, just move the stop loss to breakeven.

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We're short for now

Bob Stan
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