We're sellers | 27 March 2023

27 March 2023, USD/JPY

We're sellers

USDJPY has been bearish for the last few weeks. The market is currently in a corrective phase (ABC corrective pattern). Currently, the market is at a major zone /resistance zone at 130.56. This is a very strong zone. I expect the market to drop from this zone up to 129.63. Price reaching this zone will market the end of the corrective phase, You can place a sell trade now with your profit target at 129.63. Your stop loss should be above the resistance zone which is at 131.35. Should the market break above 131.35, this setup will be invalidated.

Trade Recommendations:

We're sellers

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus