We're short | 20 February 2023

20 February 2023, USD/JPY

USDJPY is currently in a corrective phase, the price has been rejected at minor corrective wave c (134.96) because of the major zone at this level. Again, the market has formed an ascending channel from 131.59 to 134.96which is a bearish pattern. I expect this pair to drop from 134.02 to 131.71. At 131.71 there is a major zone/support level, the price is likely to be rejected at this zone. You can place a sell order now with your target at 131.71. You can place your stop loss at 135.08. Ensure you use proper risk management.

Trade Recommendations:

We're short

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .